Clichy - L'Oreal pays tribute to the creative genius of a true visionary without whom the fashion and beauty world would not have been the same.
'It is with deep sadness and emotion that we learned of the death of Manfred Thierry Mugler, an exceptional creative genius who will leave his mark on the French fashion and beauty world for decades to come. Manfred Thierry Mugler was always ahead of his time and his creations have inspired a whole generation of new designers. An unwavering and committed pioneer of diversity, inclusion and gender equality, his designs explored new territory, calling on each of us to freely define our own identity and proudly become the person we want to be', said Nicolas Hieronimus, Chief Executive Officer of L'Oreal.
Born in Strasbourg in 1948, Manfred Thierry Mugler created his first personal collection at the age of 25, before founding his eponymous fashion label a year later. A creative genius who saw fashion as a whole, in 1992 he created Angel, one of the most iconic fragrances of all time which, 40 years later, remains one of the greatest success stories of the French and global perfume industry. La Maison Mugler with its Fashion and Fragrance teams joined the L'Oreal group just under two years ago.
All the Group's employees offer their sincerest condolences to Manfred Thierry Mugler's family, friends and all those who were fortunate to work with him.
About L'Oreal
L'Oreal has devoted itself to beauty for over 100 years. With its unique international portfolio of 35 diverse and complementary brands, the Group generated sales amounting to 27.99 billion euros in 2020 and employs 85,400 people worldwide. As the world's leading beauty company, L'Oreal 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'Oreal's strategy, working to meet beauty aspirations all over the world. L'Oreal sets out ambitious sustainable development goals across the Group for 2030 and aims to empower its ecosystem for a more inclusive and sustainable society.
'This press release does not constitute an offer of sale or solicitation of an offer to purchase L'Oreal shares. If you wish to obtain more comprehensive information about L'Oreal, please refer to the public documents registered in France with the Autorite des Marches Financiers, also available in English on our website www.loreal-finance.com.
L'Oréal is the world leading cosmetic group. The group offers skincare products (39.9% of sales), makeup products (19.7%), haircare products (15.4%), fragrances (12.6%), hair colouring products (8.3%) and other (4,1%). Net sales break down by family of products as follows:
- consumer cosmetics (36.9%): L'Oréal Paris, Garnier, Maybelline New York, NYX Professional Makeup, Essie Niely, Dark and Lovely, Mixa, MG and Carol's Daughter brands;
- luxury cosmetics (36.2%): Lancôme, Kiehl's, Giorgio Armani Beauty, Yves Saint Laurent Beauté, Biotherm, Helena Rubinstein, Shu Uemura, IT Cosmetics, Urban Decay, Ralph Lauren, Mugler, Viktor&Rolf, Valentino, Azzaro, Prada, Takami, A?sop, etc.;
- active cosmetics (15,6%): La Roche-Posay, Vichy, CeraVe, SkinCeuticals, Skinbetter Science, etc.;
- professional products (11,3%): L'Oréal Professionnel, Kérastase, Redken, Matrix and PureOlogy brands.
Products are marketed through mass distribution and distance selling, selective distribution, hair salons and pharmacies.
At the end of 2023, L'Oréal has 37 production sites worldwide.
Net sales are distributed geographically as follows: Europe (31.6%), North America (27%), North Asia (25.9%), Asia/Pacific/Middle East/Africa (8.4%) and Latin America (7.1%).
L'ORÉAL 
