L'Oreal
L'Oreal grows China cosmetics sales with 18pc
L'Oreal, the world's largest cosmetics maker, said its sales in China last year rose 18 percent annually to CNY10.7 billion (USD1.7b) with a wider product offerings and deeper penetration into low-tier cities.
L'Oreal China doubled its revenue in the past five years and also consolidated its position as the third largest market for the group's global business operations, behind the US and France, the company said in a statement on Tuesday.
L'Oreal's net profit increases in 2011; heiress leaves board
French cosmetics giant L'Oreal on Monday reported a solid increase in sales and profit for 2011, driven by growth in emerging markets, which the company said would surpass western Europe as its most important region this year. Separately, the cosmetics giant announced the end of an era, saying 89-year-old L'Oreal heiress Liliane Bettencourt, France's wealthiest woman, is being replaced on the board by her 25-year-old grandson, Jean-Victor Meyers.
Looking to Asia, L'Oreal puts priority on Indonesia
French cosmetics giant L'Oreal Paris is expected to build a USD50 million plan to build a factory in West Java that will make Indonesia its production base in Asia, Indonesia's trade minister said.
L'Oreal, which produces Garnier hair products and Maybelline cosmetics, aims to produce 500 million units in Indonesia by 2015, according to Trade Minister Gita Wirjawan.
L'Oreal shows interest in purchasing soap, baby product firm Cadum
France's L'Oreal is interested in buying soap and baby products company Cadum in a deal that could be worth EUR200 million (USD264.16m), Les Echos reported on Monday. L'Oreal's CEO Jean-Paul Agon is looking to open exclusive negotiations with Milestone capital, a Franco-British investment fund that owns Cadum, the newspaper reported.
Walmart, L'Oreal launch charity program for China's Wenchuan
The world's leading retailer Walmart worked together with the famous cosmetics brand L'Oreal and announced its charity program for the Chinese city of Wenchuan, Sichuan Province on its work preparation meeting for 2012 in China. Under the program, Walmart China and L'Oreal will each donate CNY0.10 (USD2 cents) to Wenchuan, which was hit by a devastating earthquake in 2008, when they sell one L'Oreal product (including skincare for men and women, makeup, haircare and haircolour) during the London Olympics this year.
The Body Shop records "solid" growth
The Body Shop enjoyed a 4.2 percent increase in like-for-like sales growth in 2011 following a "militant" approach to innovation.
The cosmetics and beauty retailer – owned by L'oreal – said the like-for-like performance for the year to 31 December was "solid" while total retail sales rose 3.8 percent to EUR767.6 million (USD1 billion).
Parent company L'Oreal said there was a "sharp acceleration" in the fourth quarter with likes-for-likes up 7.6 percent.
Chanel, Christian Dior and L'Oreal fined USD53m for price fixing in France
French court has fined perfume giants including Chanel, Christian Dior and L'Oreal a total of EUR40 million (USD53m) for colluding to keep prices high.
A Paris appeals court upheld the fine imposed in 2006 by the French competition watchdog, which said the companies involved had reached illicit agreements on price fixing, enforced by procedures to monitor prices in outlets and backed up by commercial threats for non-compliance.
Chanel, Christian Dior and L'Oreal fined 40 million euros for price fixing
A French court has fined perfume giants including Chanel, Christian Dior and L'Oreal a total of 40 million euros ($53 million) for colluding to keep prices high.
A Paris appeals court upheld the fine imposed in 2006 by the French competition watchdog, which said the companies involved had reached illicit agreements on price fixing, enforced by procedures to monitor prices in outlets and backed up by commercial threats for non-compliance.
Thirteen leading perfume and luxury goods companies were fined: Jean-Paul Gaultier, Issey Miyake, Chanel, Clarins Fragrance Group, Hermes, Christian Dior, C
L'Oreal to become No.1 beauty firm in Thailand in the next 3 years
L'Oreal (Thailand) has announced its intention to become the number one beauty firm in Thailand in the next three years.
The plan is in line with its concurrent goal to be the top player in Asia-Pacific.
Jochen Zaumseil, managing director of L'Oreal for Asia-Pacific, said the region contains about 500 million customers, who have high purchasing power.
French L'Oreal heiress Bettencourt to be put under guardianship
L'Oreal heiress Liliane Bettencourt, 88, is to be placed under the guardianship of family members, the lawyer of her estranged daughter Francoise Bettencourt-Meyers said on Monday after a court hearing. Billionaire Bettencourt, whose mental health is reportedly declining, will be placed under a grandson's guardianship and her wealth and property under that of her daughter Francoise and two grandsons, Charlotte Robbe-Phan said.
