Key Developments: L'Oreal SA (OREP.PA)

OREP.PA on Paris Stock Exchange

125.40EUR
15 Sep 2014
Price Change (% chg)

€-0.35 (-0.28%)
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Latest Key Developments (Source: Significant Developments)

Shiseido Co Ltd Announces Commencement of Exclusive Negotiations with L'oreal S.A. toward Possible Sale of CARITA and DECLEOR Activities
Thursday, 17 Oct 2013 06:30pm EDT 

Shiseido Co Ltd announced that following receipt of a proposal from L'Oreal S.A. for the sale of its CARITA and DECLEOR activities, specialized in skincare, bodycare, hair care treatments and products for a price of approximately EUR 230 million subject to standard closing adjustments that exclusive negotiations have commenced with L'Oreal.  Full Article

L'Oreal SA Acquires by The Body Shop 51% Stake in Emporio Body Store
Tuesday, 15 Oct 2013 11:45am EDT 

L'Oreal SA announced the acquisition by The Body Shop of 51% of Emporio Body Store in Brazil with the option of increasing its shareholding to 80% by 2019. Founded in 1997 in Porto Alegre by Tobias Chanan, Emporio Body Store offers a complete range of beauty products sold through a franchise network. The acquisition is subject to the approval of the Brazilian Anti-Trust Authority CADE, and should be completed before the end of the year. Its financial terms were not disclosed.  Full Article

L'Oreal SA to Acquire Cheryl's Cosmeceuticals
Thursday, 19 Sep 2013 08:00pm EDT 

L'Oreal SA announced the acquisition of Cheryl's Cosmeceuticals, the producer of professional skin care products and treatments. This is the first acquisition for the Company in India. In 2012, Cheryl's Cosmeceuticals had a distribution network spanning over 10,000 salons in India and a turnover of approximately INR 200 million (EUR 3 million). Financial terms of the acquisition were not disclosed.  Full Article

L'Oreal SA Confirms FY 2013 Guidance
Thursday, 29 Aug 2013 12:00pm EDT 

L'oreal SA announced that, based on the Company's results reported for the first half of fiscal year 2013, it confirms the Company's target of sales and profit growth for full fiscal year 2013. The Company reported full fiscal year 2012 revenue of EUR 22,462.70 million and full year 2012 net income of EUR 2,971.70 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for full fiscal year 2013 a revenue of EUR 23,440.83 million and net income of EUR 3,095.24 million.  Full Article

Fitch Ratings Affirms L'Oreal SA at F1+-DJ
Tuesday, 20 Aug 2013 06:14am EDT 

Dow Jones reported that Fitch Ratings has affirmed L'Oreal SA's (L'Oreal) Short-term Issuer Default Rating (IDR) at 'F1+'. The agency has also affirmed L'Oreal USA Inc's commercial paper (CP) program guaranteed by L'Oreal at 'F1+'. According to Fitch the rating reflects L'Oreal's business profile and financial flexibility.  Full Article

L'Oreal SA Announces Proposal to Acquire Magic Holdings International Ltd
Thursday, 15 Aug 2013 12:54pm EDT 

L'Oreal SA announced that it has made a proposal to acquire all of the shares of Magic Holdings International Ltd, a company listed in the Hong Kong Stock Exchange which specializes in cosmetic facial masks. The proposed price is HKD 6.30 per share. Six key shareholders, representing 62.3% of the company’s equity, are already committed to supporting L’Oreal SA’s proposal.  Full Article

L'oreal SA Issues FY 2013 Guidance
Thursday, 18 Apr 2013 12:01pm EDT 

L'oreal SA announced that it is confident to achieve another year of sales and profit growth for full year 2013. The Company reported full year 2012 revenue of EUR 28,869.5 million and full year 2012 net income of EUR 3,819.3 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for full year 2013 a revenue of EUR 31,135.2 million and net income of EUR 4,063.3 million.  Full Article

L'oreal SA Acquires Interconsumer Products Limited
Monday, 15 Apr 2013 02:33am EDT 

L'oreal SA announced that it has acquired the Health & Beauty business of Interconsumer Products Limited (ICP) in Kenya from its founding shareholder. Financial terms were not disclosed.  Full Article

L'oreal SA Announces Resignation of Honorary Chairman
Tuesday, 19 Mar 2013 03:24am EDT 

L'oreal SA announced the resignation of the Honorary Chairman of the Company, Mr. Lindsay Owen-Jones, who has headed the Company for almost 20 years, with effect as from April 26, 2013.  Full Article

L'oreal SA Announces FY 2012 Dividend Proposal
Tuesday, 12 Feb 2013 02:44am EST 

L'oreal SA announced that its Board of Directors has decided to propose to the Annual General Meeting of April 26, 2013 the payment of a dividend of EUR 2.30 per share for fiscal year 2012, an increase of 15% compared with the previous year.  Full Article

Fitch Affirms L'Oreal SA at 'F1+'

(The following statement was released by the rating agency) MILAN/LONDON, September 11 (Fitch) Fitch has affirmed L'Oreal SA's (L'Oreal) Short-term Issuer Default Rating (IDR) at 'F1+'. The agency has also affirmed L'Oreal USA Inc's commercial paper (CP) programme, guaranteed by L'Oreal, at 'F1+'. The affirmation reflects the minimal impact on L'Oreal's leverage from a EUR2.8bn cash disbursement (net of intragroup repaid debt) to buy back shares from Nestle and the company's strong liquidit

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