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Clichy, 28 May 2018

L'Oréal and Valentino announce a worldwide license agreement for fine fragrances and luxury beauty

  1. L’Oréal Finance
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Clichy, 28 May 2018 - L'Oréal and Valentino announce the signature of a worldwide long-term license agreement for the creation, development and distribution of fine fragrances and luxury beauty under the Valentino brand. 

Founded in 1960 in Rome, Maison Valentino holds a unique role in the luxury universe thanks to its long standing tradition in Haute Couture and the innovative contemporary vision of Creative Director Pierpaolo Piccioli. Under the successful direction of CEO Stefano Sassi and Creative Director Pierpaolo Piccioli, Valentino today embodies the image of beauty, of the extraordinary and of modernity, and as such, provides a strong inspiration for fragrance and beauty creation. The top three most popular fragrances today are Valentino Donna, Valentino Uomo and Valentina. 

The agreement will be effective as of 1 January 2019, after customary regulatory approvals, if any. 

Nicolas Hieronimus, Deputy CEO of L'Oréal, said "We are thrilled to have been granted the license of Maison Valentino. With its unique combination of prestige and modernity, Valentino definitely will appeal to millennial consumers around the globe and ideally complements our brand portfolio." 

Stefano Sassi, CEO of Valentino, said "We are very excited to start this new venture together with L'Oréal to further develop our beauty business. We believe Valentino has great potential within the category and that with L'Oréal's unparalleled expertise in the sector, we will be able to realize that potential."



About L'Oréal
 
L'Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 34 diverse and complementary brands, the Group generated sales amounting to 26.02 billion euros in 2017 and employs 82,600 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 3,885 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.
For more information: http://mediaroom.loreal.com/en/

About Valentino
The Maison Valentino was founded by Valentino Garavani and Giancarlo Giammetti in Rome in 1960.  Since 2016 Pierpaolo Piccioli holds the position of Creative Director of the Maison. A new set of values have been created, that are both of the moment and faithful to its heritage.
Today the Maison Valentino plays a major role in the luxury sector through tradition and innovation. Valentino's fashion is displayed through the Haute Couture and Prêt-à-Porter lines for women and men and through the Valentino Garavani accessory lines.  An aesthetic universe present in over 100 countries through 175 Valentino directly operated boutiques and over 1,500 points of sale. 



"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."

Valentino contacts

Mita ALTOMARE
Tel: +39 02 62492619
[email protected]

Sara TROMBETTA
Tel: +39 06 6739 273
[email protected] 

L'Oréal contacts

Individual shareholders and market authorities
Jean Régis CAROF
Tel.: +33 1 47 56 83 02
[email protected] 

Financial analysts and Institutional investors 
Françoise LAUVIN
Tel.: +33 1 47 56 86 82
[email protected] 
 
Journalists
Stephanie CARSON-PARKER
Tel.: +33 1 47 56 76 71
[email protected]

Anne-Laure RICHARD
Tel.: +33 1 47 56 80 68
[email protected]


Switchboard
Tel.: +33 1 47 56 70 00

 

For more information, please contact your bank, broker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers, and 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.
  • Download the news release of 28 May 2018 in a PDF file (PDF 310.88 KB)
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Explore the Annual Report

Through our 2024 Annual Report, take a deep dive into beauty – our vocation and sole focus for the past 115 years.

Discover the excellence of the L'Oréal model through the most significant initiatives of the year.

View the Annual Report
Chairman’s message

Chairman’s message

"In an uncertain environment, L’Oréal creates value for all and is shaping the future of beauty."
Jean-Paul Agon,
Chairman of the Board of Directors
CEO Interview

CEO Interview

“2024 was a pivotal year as we laid the foundations for the next chapter in the great L’Oréal Adventure.”
Nicolas Hieronimus,
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Financial Performance

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L’Oréal achieved solid, broad-based growth in 2024 and once again outperformed the global beauty market. The quality of our P&L management allowed us to achieve record gross and operating margins.
Environnemental and social performance

Social and environmental highlights

At L’Oréal, we are committed to dual excellence, combining economic performance with positive social and environmental impact. Discover the progress, highlights and distinctions for 2024.
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