OR.PA - L'Oréal S.A.
| Previous close | 285.40 |
| Open | 286.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 284.40 - 288.40 |
| 52-week range | 196.00 - 297.20 |
| Volume | 389,413 |
| Avg. volume | 541,095 |
| Market cap | 160.351B |
| Beta (5Y monthly) | 0.47 |
| PE ratio (TTM) | 43.05 |
| EPS (TTM) | 6.66 |
| Earnings date | 30 Jul 2020 |
| Forward dividend & yield | 3.85 (1.34%) |
| Ex-dividend date | 03 Jul 2020 |
| 1y target est | 205.31 |
- Bloomberg
Six Hours Will Decide India’s Next Digital Winners
(Bloomberg Opinion) -- Time will be the next frontier in India’s digital battlefield; dollars will follow the hours consumers spend online.India has left a void in their day by banning 59 Chinese apps after a border dispute with its northern neighbor led to violent clashes. The video-sharing platform TikTok, which became a craze in towns and villages as a medium of expression, is gone. So are its smaller cousins, like Bigo Live and Likee.What can fill the gap? Thanks to the world’s cheapest data charges of 9 cents per gigabyte, Indian smartphone users are guzzling content for six hours plus. For local startups like Glance, which offers games, news and video on the mobile lock-screen, the ban on Chinese competition is a chance to add to its tally of 100 million daily active users. The country’s youth bulge also makes it a perfect occasion for homegrown education technology unicorns like Byju to scale up.But the ultimate prize may go to super-apps that meld content and commerce in the 16 Indian languages besides English that boast anywhere between 5 million to half a billion speakers. To not have to download multiple apps to do different things will save phone memory, an important consideration for those who access the internet on low-end devices. Tencent Holdings Ltd.’s WeChat, which offers everything from messaging to gaming and financial services, provides a successful template. Chinese users are also online for six hours a day, mostly to browse content, particularly social media. Although only 4% of their time is spent on e-commerce, it’s enough to drive $1.5 trillion in annual online sales. The smaller Indian market, with online sales of $40 billion, will want to copy the playbook. The most obvious super-app candidate is billionaire Mukesh Ambani’s Jio Platforms Ltd., a four-year-old startup with an equity value of $65 billion, including more than $15 billion recently raised from investors including Facebook Inc., KKR & Co. and Silver Lake Partners. Before Jio eventually seeks a listing on Nasdaq or the New York Stock Exchange, Ambani would probably want it ready as a carriage-content-and-commerce powerhouse for half-a-billion people.Jio’s 4G telecom service already has roughly 400 million subscribers, though they currently don’t even pay $2 a month. The trick to a $100 billion-plus initial public offering would lie in using the partnership with Facebook to introduce features such as the WeChat mini-program via the popular WhatsApp messaging service. It lets users book hotels, order taxis, explore augmented reality to try on a new L’Oreal beauty product, or test-drive a Tesla — without leaving WeChat. When it comes to building product awareness and interest, these embedded mini-apps in China are now a fourth as effective as regular online stores run by JD.com Inc. and Alibaba Group Holding Ltd., according to McKinsey & Co. They will offer brands in India a chance to sell more — and more profitably — even in remote towns. The consulting firm found that younger consumers in smaller Chinese cities give more weight to advice from social-media influencers and referrals by friends than their counterparts in larger metropolitan areas. This will probably hold true for India as well. As for the actual commerce, JioMart, Ambani’s new e-commerce platform, would take orders and — if the regulator permits it — accept payments via WhatsApp. Staples could be delivered by traditional neighborhood stores, with Jio helping connect them to buyers. For discretionary products, Ambani may use his Reliance Retail Ltd., already the country’s largest bricks-and-mortar retailer. It won’t be too hard to grease the wheels of super-app commerce with credit. Local lenders will be desperate for a new source of balance-sheet expansion after absorbing inevitable losses from the pandemic and lockdown. Still, the road to satisfied digital customers will be long and bumpy because of India’s creaky infrastructure. Keeping users hooked with novel content will therefore be crucial. Facebook is building a new version of Quest virtual reality headsets; the Silicon Valley firm is also acquiring studios that make VR games. Jio, which wants its set-top box to support online gaming, could find opportunities for collaboration.However, the main entertainment fare will still be cricket and Bollywood. Last year, Ambani promised Jio First Day First Show — movies streamed to broadband customers on the day of their theater release. With Covid-19 shutting down cinemas, producers in India need digital alternatives; audiences need their fix. Although Ambani appears to be ahead, his won’t be India’s only super-app. Amazon.com Inc. has pledged to invest $5.5 billion in the country, while Walmart Inc. has plowed in $16 billion to acquire local e-commerce leader Flipkart Online Services Pvt. Potentially, they — or Alphabet Inc.’s Google — could seek telecom and digital media partners.Western tech firms were broadly shut out of China’s digital revolution. In India, they’ll join the fray, hoping for insights that will come in handy in other emerging markets. But India will still prefer local control over the super-apps. Six hours a day of 1.3 billion people — and all the data that flows from it — is a coveted resource, something politicians won’t want slipping out of their sphere of influence. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Google, Amazon Funnel Money to Virus Conspiracy Sites: Study
(Bloomberg) -- Digital advertising platforms run by Google, Amazon.com Inc. and other tech companies will funnel at least $25 million to websites spreading misinformation about Covid-19 this year, according to a study released Wednesday.Google’s platforms will provide $19 million, or $3 out of every $4 that the misinformation sites get in ad revenue. OpenX, a smaller digital ad distributor, handles about 10% of the money, while Amazon’s technology delivers roughly $1.7 million, or 7%, of the digital marketing spending these sites will receive, according to a research group called the Global Disinformation Index.GDI made the estimates in a study that analyzed ads running between January and June on 480 English language websites identified as publishers of virus misinformation. Some of the ads were for brands including cosmetics giant L’Oreal SA, furniture website Wayfair Inc. and imaging technology company Canon Inc. The data exclude social-media and online-video services, so the true total is likely much higher.“This report is flawed in that it neither defines what should be considered disinformation nor are its revenue calculations transparent or realistic,” a Google spokesperson said.The company doesn’t check whether websites are publishing truthful or accurate information before running ads. However, the internet giant reviewed 10 articles highlighted by the study where Google ads ran. It demonetized five of the web pages, meaning it removed the ability to make money from ads. “Google has strict publisher policies designed to prevent harmful, dangerous and fraudulent content from monetizing. We also continue to take an aggressive approach to COVID-19 content that makes harmful medical claims contradicting the guidance of global health authorities,” the spokesperson added. Amazon did not respond to requests for comment. Governments and health officials are still learning more about the virus, and this has allowed misinformation to flourish online. Silicon Valley giants have pledged to crack down, and Alphabet Inc.’s Google has removed ads from sites that violate its policies. However, GDI thinks these platforms need to do more to limit the spread of misinformation.“The difference between what the companies say publicly about their dedication to not monetizing hate speech and harmful content, especially around the pandemic, is not matching up with what our data is telling us that’s actually happening,” said Danny Rogers, co-founder of the Global Disinformation Index.In an ad delivered on May 19 by Amazon, a L’Oreal product was promoted on Americanthinker.com next to an article titled “Is Big Pharma Suppressing Hydroxychloroquine?” Earlier this month, Google served up a Bloomberg News ad on the website Bigleaguepolitics.com, according to the GDI report.The Global Disinformation Index is a U.K.-based research group that provides disinformation risk ratings on media sites all over the world. GDI said it presented Google, Amazon and OpenX with the latest findings from its report and none of the tech companies provided a formal response. The group updates its research weekly and often tells tech companies when their platforms place ads on misinformation sites.The research group releases this information, in part, as a way to alert advertisers when their marketing spots show up on this kind of website. These brands can help by pulling ads from tech platforms when they see issues like this, Rogers said.(Updates with no comment from Amazon in sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Globe Newswire
L'OREAL: Disclosure of total number of voting rights and number of shares in the capital at June 30th, 2020
Société anonyme au capital de 111 855 722,20 euros Siège social : 14, rue Royale, 75008 Paris 632 012 100 R.C.S. Paris Legal Entity Identifyer : 529900JI1GG6F7RKVI53 Disclosure of total number of voting rights and number of shares in the capital at 30 June 2020 Pursuant to article L-233-8 II of the French “Code de Commerce” and 223-16 of the AMF's General Regulations: Total number of shares 559,298,180 Number of real voting rights (excluding treasury shares) 559,298,180 Theoretical number of voting rights 559,298,180 (including treasury shares*) (*) pursuant to article 223-11 of the AMF’s General Regulations About L'OréalL’Oréal has devoted itself to beauty for over 110 years. With its unique international portfolio of 36 diverse and complementary brands, the Group generated sales amounting to 29.9 billion euros in 2019 and employs 88,000 people worldwide. As the world’s leading beauty company, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce. Research and innovation, and a dedicated research team of 4,000 people, are at the core of L’Oréal’s strategy, working to meet beauty aspirations all over the world. L’Oréal’s sustainability commitment for 2020 “Sharing Beauty With All” sets out ambitious sustainable development objectives across the Group’s value chain.www.loreal.com CONTACTS AT L'ORÉALIndividual shareholders and market authorities Mr. Christian MUNICH Phone: +33.(0)1.47.56.72.06 christian.munich2@loreal.comFinancial analysts and institutional investors Mrs. Françoise LAUVIN Phone: +33.(0)1.47.56.86.82 francoise.lauvin@loreal.com For more information, please contact your bank, broker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers, the Internet site for shareholders and investors, www.loreal-finance.com or the L’Oréal Finance app, alternatively, call +33 1 40 14 80 50. "This document does not constitute an offer to sell, or a solicitation of an offer to buy, L’Oréal shares. If you wish to obtain more comprehensive information about L’Oréal, please refer to the public documents registered in France with the Autorités des Marchés Financiers [which are also available in English on our Internet site: www.loreal-finance.com]. This document may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materiallyf rom those indicated or projected in these statements." Attachment * Declaration at June 30 2020
- Globe Newswire
L'Oréal: News release: "Annual General Meeting and Board of Directors’ Meeting of 30 June 2020"
Clichy, Tuesday 30 June 2020Annual General Meeting and Board of Directors’ Meeting of 30 June 2020 * Appointments as Directors of Ms Ilham Kadri and Mr Nicolas Meyers * Renewal of the tenure as Directors of Ms Béatrice Guillaume-Grabisch and Mr Jean-Victor Meyers * Approval of a dividend of €3.85 per share * Appointment of Ms Françoise Bettencourt Meyers as Vice-President of the BoardThe Annual General Meeting of L’Oréal shareholders was help in Paris, on Tuesday 30 June 2020, under the chairmanship of Mr Jean-Paul Agon, Chairman and Chief Executive Officer. Given the exceptional context related to the Covid-19 pandemic, it was held behind closed doors. The Annual General Meeting adopted all the proposed resolutions, and in particular: * approved the parent company financial statements and the consolidated financial statements for 2019; * decided on the distribution of a dividend of €3.85 per share. This dividend is increased to €4.23 for shares that have been continuously registered for at least two calendar years. Dividend payment date: Tuesday 7 July 2020; * appointed two new Directors, Ms Ilham Kadri and Mr Nicolas Meyers, for a four-year term; * renewed the tenure as Directors of Ms Béatrice Guillaume-Grabisch and Mr Jean-Victor Meyers, for a four-year term.The Board of Directors, which met after the Annual General Meeting, has appointed Ms Françoise Bettencourt Meyers as Vice-President of the Board of Directors, Mr Paul Bulcke is also Vice-President. She succeeds Mr Jean-Pierre Meyers who has not wished to renew his tenure. The results of the votes and the webcast of the Annual General Meeting are available on the www.loreal-finance.com website.* * * “This news release does not constitute an offer to sell, or a solicitation of an offer to buy L'Oréal shares. If you wish to obtain more comprehensive information about L'Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our Internet site www.loreal-finance.com. This news release may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements.”L'ORÉAL CONTACTSIndividual Shareholders and Market Regulators Christian MUNICH Tel.: +33 (0)1 47 56 72 06 christian.munich2@loreal.com Financial Analysts and Institutional Investors Françoise LAUVIN Tel.: +33 (0)1 47 56 86 82 francoise.lauvin@loreal.comMedia Domitille FAFIN Tel.: +33 (0)1 47 56 76 71 domitille.fafin@loreal.comSwitchboard: +33 (0)1 47 56 70 00For further information, please contact your bank, stockbroker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers or magazines or the Internet site for shareholders and investors, www.loreal-finance.com,the L’Oréal Finance app or call the toll-free number from France: 0 800 66 66 66.* * * www.loreal-finance.com \- Follow us on Twitter @loreal Attachment * LOREAL_AGM_30_06_2020
- Reuters
L'Oreal to nominate CEO successor, drawn internally, by autumn
L'Oreal's Chairman and Chief Executive Jean-Paul Agon said on Tuesday he expected the cosmetic group's nominations committee to propose a candidate to succeed him by the autumn as his mandate expires. Agon told a shareholder meeting that the board of the French group, which is behind brands including Garnier and Lancome, had already recommended his successor should come from inside the company, as has been the case for previous handovers. The succession comes as beauty retailers grapple with the coronavirus crisis that has hit sales after stores closed during government-enforced lockdowns, although L'Oreal has said it has seen signs of recovery as these measures ease.
- Reuters
'Glow' to replace 'whitening' in some L'Oreal skin products
L'Oreal will gradually replace "white" or "fair" with "glow" or "even" for some products designed to help even out skin tones, the cosmetic group's chief executive said on Tuesday. The French company - the world's biggest manufacturer of beauty products, including brands Maybelline and Garnier - said last week it would change its labelling after a similar move by Unilever. Unilever and L'Oreal are two big players in the global market for skin whitening creams used in many Asian, African and Caribbean countries where fair skin is often considered desirable.
- Globe Newswire
L'Oréal: News release: "L’Oréal has finalised the sale of Roger & Gallet to Impala"
L’Oréal has finalised the sale of Roger & Gallet to ImpalaClichy, 29 June 2020 \- L’Oréal and the French investment holding Impala have today finalised the sale of the Roger & Gallet brand, following the announcement of 4 February 2020.About L'Oréal L’Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 36 diverse and complementary brands, the Group generated sales amounting to 29.87 billion euros in 2019 and employs 88,000 people worldwide. As the world’s leading beauty company, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce. Research and innovation, and a dedicated research team of 4,100 people, are at the core of L’Oréal’s strategy, working to meet beauty aspirations all over the world. L’Oréal sets out ambitious sustainable development goals across the Group for 2030 and aims to empower its ecosystem for a more inclusive and sustainable society. More information: https://mediaroom.loreal.com/ "This press release does not constitute an offer of sale or solicitation of an offer to purchase L'Oréal shares. If you wish to obtain more comprehensive information about L'Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our website www.loreal-finance.com. This press release may contain forecast information. While the Company believes that these statements are based on reasonable assumptions as of the date of publication of this press release, they are by nature subject to risks and uncertainties which may lead to a discrepancy between the actual figures and those indicated or suggested in these statements.”L'ORÉAL contacts (switchboard: +33 (0)1 47 56 70 00)Individual Shareholders and Market Regulators Christian MUNICH - Tel.: +33 (0)1 47 56 72 06 - christian.munich2@loreal.comFinancial Analysts and Institutional Investors Françoise LAUVIN - Tel.: +33 (0)1 47 56 86 82 - francoise.lauvin@loreal.comMedia Polina HUARD - Tel.: +33 (0)1 47 56 87 88 - polina.huard@loreal.comFor more information, please consult banks, brokerage firms or financial institutions (I.S.I.N. code: FR0000120321), your usual journals, the shareholders and investors website www.loreal-finance.com or the L’Oréal Finance mobile application, or call the freephone number: 0800 66 66 66.www.loreal.com - Follow us on Twitter @LorealAttachment * LOreal_Roger_Gallet_sale_EN
- Reuters
Plastic packaging to get the chop at Garnier maker L'Oreal
L'Oreal <OREP.PA> aims to cut out non-recycled plastic packaging by 2030 and bring in greener products like solid shampoo bars under its flagship Garnier brand as it steps up an environmental push, its chief executive said on Thursday. L'Oreal, which is also behind brands such as Maybelline and Lancome, added it would further cut back on emissions at offices and factories and improve the way it sources ingredients for cosmetics as part of new sustainability targets. The group plans to shake up the packaging of beauty products in particular, with all plastic casings either made from recycled plastic or natural derivatives in 10 years, compared to 15% by end-2020, CEO Jean-Paul Agon said.
- Reuters
Unilever's 'Fair & Lovely' to get makeover after backlash
Unilever will drop the word "fair" from its "Fair & Lovely" skin lightening products, it said on Thursday, in the latest makeover of a brand in response to a global backlash against racial prejudice. Skin lightening cosmetics have a huge market in South Asia, but their promotion is being questioned, especially in the wake of the Black Lives Matter movement. Earlier this month, Johnson & Johnson said it would stop selling skin-whitening creams in Asia and the Middle East, while PepsiCo said it would change the name and brand image of its Aunt Jemima pancake mix and syrup.
- Reuters
Brands tout Black heritage as some shoppers question authenticity
L'Oreal SA <OREP.PA>, Unilever <ULVR.L> <UNA.AS> and other multinationals that acquired personal-care brands founded by Black people are moving to reassure their core customers, some of whom have pledged in the wake of racial-justice protests to direct their spending toward only Black-owned companies. L'Oreal's multicultural beauty brand Carol's Daughter, which was founded by a Black woman in her Brooklyn kitchen in 1993 and named for her mother, said June 10 that it wanted to "clear some things up" when it posted a message to its Instagram page. "Carol's Daughter is Black-founded, and Black-led, and joined the L'Oreal family of brands in 2014," it said.
- Globe Newswire
L'Oréal: News release: "L'Oréal Signs Agreement to Acquire Thayers Natural Remedies, a US-based Natural Skincare Brand"
L'Oréal Signs Agreement to Acquire Thayers Natural Remedies, a US-based Natural Skincare Brand Clichy, 18 June 2020 – L’Oréal announced today the signing of an agreement to acquire Thayers Natural Remedies, a US-based natural skincare brand from Henry Thayer Company. The brand will be integrated into L’Oréal’s Consumer Products Division.Headquartered in Easton Connecticut, Thayers Natural Remedies has a strong skincare heritage and offers a portfolio of high-quality products including toners and astringents. Founded in 1847 by Doctor Henry Thayer, the brand is best known for its iconic Witch Hazel Aloe Vera Formula Facial Toner, a bestselling product popular among a diverse group of consumers. The brand has expanded its distribution from natural grocery stores to a multichannel strategy which includes mass and beauty retailers, drugstores and e-commerce. Thayers Natural Remedies recorded sales of US $44 million in 2019.Stéphane Rinderknech, President and CEO of L’Oréal USA, Executive Vice President North America, said: “With a more than 170 year heritage, Thayers Natural Remedies is a beloved American brand that has stayed true to its roots as it has evolved its product offerings and forged a strong connection with consumers. Built on a foundation of top-rated skincare products, the brand is more relevant today than ever before. We believe in its growth potential and unique positioning in the mass skincare market.” John Gehr, Owner and CEO of Henry Thayer Company, said: “As custodian of the Thayers Natural Remedies brand for the last 17 years, it has been a rewarding experience seeing the connection we’ve been able to make with our well-informed consumers. I couldn’t imagine a better organization than L’Oréal to take Thayers to new heights while maintaining its core values of social and environmental responsibility.” Alexis Perakis-Valat, President Consumer Products Division of L’Oréal, said: “We are thrilled to welcome Thayers Natural Remedies, a true “love brand” at the intersection of two major skincare trends: nature and health. This acquisition is part of our strategy to develop our skincare business all around the world and complements perfectly our North American skincare brand portfolio”. The closing is subject to the standard regulatory approvals and other customary conditions. About L'Oréal L’Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 36 diverse and complementary brands, the Group generated sales amounting to 29.87 billion euros in 2019 and employs 88,000 people worldwide. As the world’s leading beauty company, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce. Research and innovation, and a dedicated research team of 4,100 people, are at the core of L’Oréal’s strategy, working to meet beauty aspirations all over the world. L’Oréal sets out ambitious sustainable development goals across the Group for 2030 and aims to empower its ecosystem for a more inclusive and sustainable society. More information: https://mediaroom.loreal.com/ "This press release does not constitute an offer of sale or solicitation of an offer to purchase L'Oréal shares. If you wish to obtain more comprehensive information about L'Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our website www.loreal-finance.com.This press release may contain forecast information. While the Company believes that these statements are based on reasonable assumptions as of the date of publication of this press release, they are by nature subject to risks and uncertainties which may lead to a discrepancy between the actual figures and those indicated or suggested in these statements.” L'ORÉAL contactsIndividual Shareholders and Market Regulators Jean Régis CAROF Tel.: +33 (0)1 47 56 83 02 jean-regis.carof@loreal.comFinancial Analysts and Institutional Investors Françoise LAUVIN Tel.: +33 (0)1 47 56 86 82 francoise.lauvin@loreal.comMedia Polina HUARD Tel.: +33 (0)1 47 56 87 88 polina.huard@loreal.com(switchboard: +33 (0)1 47 56 70 00) For more information, please consult banks, brokerage firms or financial institutions (I.S.I.N. code: FR0000120321), your usual journals, the shareholders and investors website www.loreal-finance.com or the L’Oréal Finance mobile application, or call the freephone number: 0800 66 66 66.www.loreal-finance.com - Follow us on Twitter @Loreal Attachment * LOREAL_Thayers_2020_06_18_EN
- Globe Newswire
L'OREAL: Disclosure of total number of voting rights and number of shares in the capital at 31 May 2020
Société anonyme au capital de 111 855 722,20 euros Siège social : 14, rue Royale, 75008 Paris 632 012 100 R.C.S. Paris Legal Entity Identifyer : 529900JI1GG6F7RKVI53 Disclosure of total number of voting rights and number of shares in the capital at 31 may 2020 Pursuant to article L-233-8 II of the French “Code de Commerce” and 223-16 of the AMF's General Regulations: Total number of shares 559,290,180 Number of real voting rights (excluding treasury shares) 559,290,180 Theoretical number of voting rights 559,290,180 (including treasury shares*) (*) pursuant to article 223-11 of the AMF’s General Regulations About L'OréalL’Oréal has devoted itself to beauty for over 110 years. With its unique international portfolio of 36 diverse and complementary brands, the Group generated sales amounting to 29.9 billion euros in 2019 and employs 88,000 people worldwide. As the world’s leading beauty company, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce. Research and innovation, and a dedicated research team of 4,000 people, are at the core of L’Oréal’s strategy, working to meet beauty aspirations all over the world. L’Oréal’s sustainability commitment for 2020 “Sharing Beauty With All” sets out ambitious sustainable development objectives across the Group’s value chain.www.loreal.com CONTACTS AT L'ORÉALIndividual shareholders and market authorities Mr. Jean Régis CAROF Phone: +33.(0)1.47.56.83.02 jean-regis.carof@loreal.comFinancial analysts and institutional investors Mrs. Françoise LAUVIN Phone: +33.(0)1.47.56.86.82 francoise.lauvin@loreal.com For more information, please contact your bank, broker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers, the Internet site for shareholders and investors, www.loreal-finance.com or the L’Oréal Finance app, alternatively, call +33 1 40 14 80 50. "This document does not constitute an offer to sell, or a solicitation of an offer to buy, L’Oréal shares. If you wish to obtain more comprehensive information about L’Oréal, please refer to the public documents registered in France with the Autorités des Marchés Financiers [which are also available in English on our Internet site: www.loreal-finance.com]. This document may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materiallyf rom those indicated or projected in these statements." Attachment * Declaration at May 31 2020
- Reuters
Exclusive: Chanel, Revlon, L'Oreal pivoting away from talc in some products
Chanel, Revlon and L'Oreal, three of the biggest brands in cosmetics, are quietly moving away from using talc in some products as U.S. cancer lawsuits and consumer concerns mount. Luxury beauty company Chanel has removed talc from a loose face powder and dropped a talc body powder because of negative perceptions around the mineral, court documents reviewed by Reuters show. Revlon Inc removed talc from its body products, and L'Oreal SA is exploring alternatives for the mineral, those companies told Reuters.
- TechCrunch
Fast-growing Madison Reed is eyeing men's hair next; "We're going to blow the doors off that market"
Amy Errett's company, Madison Reed, sells women's in-home hair coloring products. Not only has the seven-year-old outfit been slowly chipping away at the dominant personal care giants like L'Oreal that have long controlled what's currently a $30 billion market, but during one of the most dramatic economic downturns of the past century, it has been attracting new customers. In fact, Errett -- who was previously a VC with Maveron and has a side hustle as a venture partner with True Ventures -- says the 300-person company is seeing revenue in excess of $100 million per year and that it will be profitable in the second half of this year.
- Simply Wall St.
Should You Be Tempted To Sell L'Oréal S.A. (EPA:OR) Because Of Its P/E Ratio?
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...
- Globe Newswire
L'Oréal: News Release: "Annual General Meeting of Tuesday 30 June 2020"
Clichy, Monday 25 May 2020Annual General Meeting of Tuesday 30 June 2020Information available regarding the Annual General Meeting to be held on Tuesday 30 June 2020.Information regarding this meeting was published today, on Monday 25 May 2020, in the BALO (Bulletin des Annonces Légales Obligatoires) and includes the agenda, the draft resolutions and details on attending and voting. This notification about the meeting, the Board of Directors' report on the draft resolutions and legal information are now available on the www.loreal-finance.com website (under Regulated Information / Annual General Meeting Documents).Other documents and information concerning this meeting will be available to shareholders and also published on the www.loreal-finance.com website under legal and regulatory conditions from Tuesday 9 June 2020.L’Oréal informs its shareholders that its Annual General Meeting, which will be held behind closed doors, will be broadcast live and in its entirety on the site www.loreal-finance.com from 41 rue Martre in Clichy, L’Oréal administrative headquarters, on Tuesday 30 June 2020, at 10 a.m. Paris Time.Warning: Given the exceptional context related to the Coronavirus (Covid-19) epidemic and in accordance with Ordinance no.2020-321 of 25 March 2020, the Board of Directors decided on 12 May 2020 that the Ordinary and Extraordinary General Meeting of the Company, initially convened at the Palais des Congrès in Paris, a location affected by administrative measures, will be held on 30 June 2020 behind closed doors, without the physical presence of the shareholders and any other person having the right to attend the meeting, at the Company’s administrative headquarters (41, rue Martre,Clichy). In this context, shareholders are invited to vote by correspondence using the voting form or via the Internet on the Votaccess secure voting platform, or to give a proxy to the Chairman of the General Meeting or to any other individual or legal entity. Shareholders have the possibility to send written questions until Wednesday 24 June 2020 by registered letter with acknowledgment of receipt, and via the email address: info-ag@loreal-finance.comIn order to promote dialogue with shareholders, shareholders will also have the opportunity to ask questions which are not assimilated to written questions, between Thursday 25 June and Monday 29 June 2020 at the following address AG-questionslibres@loreal-finance.com. These questions will be organized in groups by main themes and will be answered, to the extent possible, during the Internet broadcast of the General Meeting. * * * "This news release does not constitute an offer to sell, or a solicitation of an offer to buy L'Oréal shares. If you wish to obtain more comprehensive information about L'Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our Internet site www.loreal-finance.com. This news release may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements."Contacts at L'OréalIndividual shareholders and market authorities Jean Régis CAROF Tel: +33 1 47 56 83 02 jean-regis.carof@loreal.com Financial analysts and Institutional investors Françoise LAUVIN Tel: +33 1 47 56 86 82 francoise.lauvin@loreal.comJournalists Domitille FAFIN Tel: +33 1 47 56 76 71domitille.fafin@loreal.comSwitchboard: +33 1 47 56 70 00For more information, please contact your bank, broker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers, the Internet site for shareholders and investors, www.loreal-finance.com or the L’Oréal Finance app, alternatively, call +33 1 40 14 80 50.www.loreal-finance.com \- Follow us on twitter @loreal Attachment * LOREAL_NewsRelease_AG_JUNE_30_EN_2020_05_25
- Stockopedia
Can L'oreal Sa ride out the Covid-19 economic shock?
Economic shockwaves caused by Covid-19 have plunged stock markets into turmoil, but some shares are better able to absorb this volatility than others - and L'o...
- Reuters - UK Focus
LIVE MARKETS-EZ industrial production: Long way back to 2017 highs
* EZ industry output suffers record fall in March Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. The pandemic came as a huge blow to EZ manufacturers, with industry output suffering its deepest monthly fall on record.
- Reuters - UK Focus
LIVE MARKETS-When will a vaccine be ready? Here's a guess!
* EZ industry output suffers record fall in March Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. A limited number of vaccine doses could be available before year end, says the European pharma team at Credit Suisse.
- Reuters - UK Focus
MORNING BID-Grand failures
The views expressed are her own.) "You will get business failures on a grand scale," was the warning last night from St Louis Federal Reserve President James Bullard. Expect his boss, Fed Chairman Jerome Powell, to repeat that message tonight. Fed funds futures are pricing in rates of about a basis point below zero by April 2021.
- Reuters - UK Focus
LIVE MARKETS-Opening snapshot: Risk-off mood hits banks, Vodafone up
You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Risk-off mood gripped the financial markets on fresh fears about a second wave of the coronavirus outbreak, while the gradual easing in lockdowns is under way. While utilities, retail and telcos are standing their ground even if in negative territory.
- Reuters - UK Focus
LIVE MARKETS-On the radar: L'Oreal, banks, Aston Martin and Volvo
You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Commerzbank posted a worse than expected net loss of 295 million euros, as the lender undergoes a restructuring due to the coronavirus outbreak. Commerzbank shares are down 2.3% in early trade.
- Reuters
L'Oreal pledges 150 million euros to fight climate change, support women
The French firm, which makes Garnier shampoo and Lancome creams, said it would give 50 million euros to local and grassroots associations combating job insecurity, providing emergency aid and fighting rising violence against women. The group also pledged 50 million euros towards restoring damaged ecosystems and a further 50 million for projects promoting a circular economy, such as recycling and efforts to cut down on plastic waste. The company said that aside from this "L'Oreal For The Future" plan, it would present a new sustainable development programme for 2030 at the end of June.
- Globe Newswire
L'Oréal: News release: "Decisions of the L’Oréal Board of Directors of 12 May 2020"
Decisions of the L’Oréal Board of Directors of 12 May 2020 * The Annual General Meeting will take place on 30 June 2020 behind closed doors * L’Oréal renounces an increase of the dividend * The Chairman & CEO’s remuneration will be reduced by 30% for the whole of 2020 * L’Oréal announces the launch of the social and environmental solidarity programme: "L’Oréal for the future"The Board of Directors of L’Oréal gathered for a meeting on 12 May 2020.The Board determined the agenda for the Annual General Meeting of Shareholders on 30 June 2020. Exceptionally, in the context of the Covid-19 pandemic and in accordance with Order no. 2020-321 of 25 March 2020, the Board of Directors has decided that this Annual General Meeting will be held behind closed doors.The Board will notably submit the following resolutions for approval at the Annual General Meeting: * DividendIn the exceptional context of the Covid-19 crisis, the Board of Directors has decided to renounce the planned increase in the dividend of 10.4%, and consequently to propose to the Annual General Meeting a dividend of €3.85, identical to the amount paid in 2019. The dividend will be paid on Tuesday 7 July 2020, with an ex–dividend date of Friday 3 July at 00h00 (CEST). The Board has also decided to renounce to any share buyback operations for the whole of 2020, which amounted to 750 million euros in 2019. * Remuneration of the Executive OfficerIn view of the exceptional circumstances, and in a spirit of solidarity, Mr Agon informed the Board that he would renounce with immediate effect all remuneration for 2020 relating to the financial targets of his annual variable remuneration, which represents a reduction of 30% of the maximum amount of his annual fixed and variable remuneration for 2020, and all attribution of performance shares, if a plan were to be decided in 2020. The Board accepted. Launch of the “L’Oréal for the future” programmeFurthermore, in the exceptional context of the Covid-19 pandemic and its consequences, L’Oréal has decided to create a new social and environmental solidarity programme under the name of “L’Oréal for the future”.Fully aware of the challenges that lie ahead and of the need for active involvement to make tomorrow’s world more inclusive and sustainable, and in line with its sustainability programme, LOréal has decided via this new programme: * to create a philanthropic endowment fund of 50 million euros to support non-profit organisations that help women all over the world who are in highly vulnerable situations, victims of the social and economic crisis; * to reaffirm its commitment to the environment and to sustainable development by creating an impact investing fund of 100 million euros for the regeneration of damaged natural ecosystems and for combating climate change. Jean-Paul Agon, Chairman and CEO of L’Oréal, said: “Over the coming months, our societies will face social crises giving rise to situations of great human suffering, particularly for the most vulnerable. At the same time, we are fully aware that environmental challenges are increasingly pressing. It is essential not to step back from the sustainable transformation that the world needs. We therefore wish to reaffirm our commitment to the environment and to the preservation of biodiversity, and to help mitigate the social crisis for women. These two causes reflect the values and the historic commitment of L’Oréal.” L’Oréal and the Covid-19 pandemic Strongly mobilised since the start of the crisis, L’Oréal has implemented a major solidarity programme. It is fulfilling its responsibility to take action on behalf of its stakeholders, with the first priority being Group employees, whose jobs and salaries have been guaranteed. L’Oréal is also actively supporting healthcare, its customers and suppliers in more than 40 countries, by providing close to 14 million units of hand sanitiser and more than 4.3 million units of products, mainly hand cream and shampoo, produced by 70% of its factories worldwide. Numerous healthcare initiatives have thus been put in place in the countries where L’Oréal operates, as well as money donations up to close to 3 million euros. L’Oréal employees have also taken part by giving more than 1,200 hours of their time to L’Oréal citizenship programmes. The Group is also providing support to its partners: it has frozen payments receivable for more than 100,000 clients and shortened the leadtime for payments for close to 9,000 suppliers. As for non-profit organisations, the L’Oréal Foundation has made 1 million euros available to support people in need. Information about the holding of the Annual General Meeting The Annual General Meeting will be held on 30 June 2020 behind closed doors, without the physical presence of the shareholders and other persons entitled to attend, at the headquarters of L’Oréal, 41 rue Martre, Clichy at 10 a.m. The Meeting will be broadcasted on the website www.loreal-finance.com In accordance with Decree no. 2020-418 of 10 April 2020, the Board of Directors has designated the companies Téthys and Nestlé as scrutineers. The notice to attend the meeting, containing all the information relating to participation in the Annual General Meeting, will be published in the Bulletin des annonces légales et obligatoires (BALO) on 25 May 2020 and will be available online at www.loreal-finance.com, in the “Regulated Information / Annual General Meeting Documents” section. Participation terms and conditions and all information relating to the Annual General Meeting will be available for consultation in this section of the website. * * * “This news release does not constitute an offer to sell, or a solicitation of an offer to buy L’Oréal shares. If you wish to obtain more comprehensive information about L’Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our Internet site www.loreal-finance.com. This news release may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements.” This is a free translation into English of the news release issued in the French language and is provided solely for the convenience of English-speaking readers. In case of discrepancy, the French version prevails.Contacts at L'OréalIndividual shareholders and market authorities Mr Jean Régis CAROF Tel: +33 1 47 56 83 02 jean-regis.carof@loreal.com Financial analysts and Institutional investors Ms Françoise LAUVIN Tel: +33 1 47 56 86 82 francoise.lauvin@loreal.comJournalists Ms Domitille FAFIN Tel: +33 1 47 56 76 71domitille.fafin@loreal.comSwitchboard: +33 1 47 56 70 00For more information, please contact your bank, broker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers, the Internet site for shareholders and investors, www.loreal-finance.com or the L’Oréal Finance app, alternatively, call +33 1 40 14 80 50.www.loreal-finance.com \- Follow us on Twitter @loreal Attachment * LOREAL_News_release_12_May_2020_EN
- Globe Newswire
L'OREAL: Disclosure of total number of voting rights and number of shares in the capital at April 30, 2020
Société anonyme au capital de 111 855 722,20 euros Siège social : 14, rue Royale, 75008 Paris 632 012 100 R.C.S. Paris Legal Entity Identifyer : 529900JI1GG6F7RKVI53 Disclosure of total number of voting rights and number of shares in the capital at 30 april 2020 Pursuant to article L-233-8 II of the French “Code de Commerce” and 223-16 of the AMF's General Regulations: Total number of shares 559,289,716 Number of real voting rights (excluding treasury shares) 559,289,716 Theoretical number of voting rights 559,289,716 (including treasury shares*) (*) pursuant to article 223-11 of the AMF’s General Regulations About L'OréalL’Oréal has devoted itself to beauty for over 110 years. With its unique international portfolio of 36 diverse and complementary brands, the Group generated sales amounting to 29.9 billion euros in 2019 and employs 88,000 people worldwide. As the world’s leading beauty company, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce. Research and innovation, and a dedicated research team of 4,000 people, are at the core of L’Oréal’s strategy, working to meet beauty aspirations all over the world. L’Oréal’s sustainability commitment for 2020 “Sharing Beauty With All” sets out ambitious sustainable development objectives across the Group’s value chain.www.loreal.com CONTACTS AT L'ORÉALIndividual shareholders and market authorities Mr. Jean Régis CAROF Phone: +33.(0)1.47.56.83.02 jean-regis.carof@loreal.comFinancial analysts and institutional investors Mrs. Françoise LAUVIN Phone: +33.(0)1.47.56.86.82 francoise.lauvin@loreal.com For more information, please contact your bank, broker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers, the Internet site for shareholders and investors, www.loreal-finance.com or the L’Oréal Finance app, alternatively, call +33 1 40 14 80 50. "This document does not constitute an offer to sell, or a solicitation of an offer to buy, L’Oréal shares. If you wish to obtain more comprehensive information about L’Oréal, please refer to the public documents registered in France with the Autorités des Marchés Financiers [which are also available in English on our Internet site: www.loreal-finance.com]. This document may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materiallyf rom those indicated or projected in these statements." Attachment * Declaration at April 30 2020
