PRESS RELEASE
Prada and
a long-term license agreement
Cyril Chapuy, President of L'Oréal Luxe: “We are very pleased to have signed this license agreement with Prada. Prada is one of the most respected players in the global luxury industry. A symbol of excellence and avant-garde, the Prada brand's unique and unconventional philosophy appeals to consumers around the world. This license will give L'Oréal Luxe the ideal complement to its portfolio of iconic brands.”
The license agreement, having obtained the applicable customary regulatory approvals, will come into effect on
Prada S.p.A. - HKSE Code 1913 - is one of the global leaders in the luxury goods industry. The Group, which owns the Prada,
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
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. For more information: http://mediaroom.loreal.com/en/
“This news release does not constitute an offer to sell, or a solicitation of an offer to buy
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.”
+39 02 567811
corporatepress@prada.com
www.pradagroup.com
Contacts L'ORÉAL (switchboard +33 1 47 56 70 00)
Journalists
Stéphanie CARSON-PARKER
Tel: +33 (0)1 47 56 76 71
stephanie.carsonparker@loreal.com
Polina HUARD
Tel: +33 (0)1 47 56 87 88
polina.huard@loreal.com
Individual shareholders and market authorities
Jean Régis CAROF
Tel: +33 (0)1 47 56 83 02
jean-regis.carof@loreal.com
Financial analysts and institutional investors
Françoise LAUVIN
Tel: +33 (0)1 47 56 86 82
francoise.lauvin@loreal.com
For 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
Attachment
- Prada_SpA_and_LOreal_Agreement_12.12.19_ENG
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