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L'Oreal SA Announces Its Subsidiary Beaute Createurs' Intention to Cease Activity

Tuesday, 19 Nov 2013 12:30pm EST 

L'Oreal SA announced that Beaute Createurs, the Company's mail order subsidiary, intends to cease its activity during the first half of 2014. According to the Company statement, Beaute Createurs has encountered difficulties over the past several years linked to the structural weakening of the mail order business model. All employees working for Beaute Createurs in the three countries where the business is present, namely France, Germany and Japan, are to be offered employment within the Company. 

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1.55 +1.15%
11:35am EST