L’ORÉAL ANNOUNCES THE SIGNING OF AN AGREEMENT FOR THE ACQUISITION OF
TAKAMI CO, A JAPANESE COMPANY THAT MARKETS THE TAKAMI SKINCARE BRAND
Clichy, 23 December 2020 – L’Oréal declares the signing of an settlement to accumulate the Japanese firm Takami Co. This firm develops and markets merchandise licensed by the skincare model Takami, owned by Physician Hiroshi Takami, founding father of two eponymous dermatological clinics in Tokyo. On this event, L’Oréal additionally renewed a really long run model licensing settlement with Physician Takami and signed a collaboration contract with the Takami clinics. This acquisition needs to be accomplished within the subsequent few weeks.
The Takami model, based in 1999, is a premium skincare model, knowledgeable in peeling, primarily based on the know-how of the well-known eponymous dermatological and aesthetic clinics established within the Omotesando district of Tokyo. The model is especially well-known for its iconic product, the Pores and skin Peel pre-serum, additionally known as the “Little Blue Bottle” by Asian ladies. Primarily out there in Japan and in some Asian nations, notably in China the place it enjoys sturdy enchantment, the model is marketed by means of an omnichannel distribution: principally in e-commerce, particularly by subscription, in addition to in selective distribution. The model achieved gross sales income of about €50M in 2019 and continues its development this yr regardless of troublesome market circumstances resulting from Covid-19 impacts.
Cyril Chapuy, President of L’Oréal Luxe, feedback on this acquisition: “We’re very happy to welcome the Takami model into our portfolio. Its status in Asia matches the outstanding high quality of its merchandise. Its experience in prestigious magnificence remedies and its omnichannel distribution make it a really complementary model inside L’Oréal Luxe.”
Jérôme Bruhat, President of L’Oréal Japan, says: “The Takami model groups led by Mr. Okamura have been capable of construct a powerful status in skincare experience, a novel visible id and a core group of loyal clients in Japan. These are the pillars of the model’s success that we are going to develop additional sooner or later.”
Yuji Okamura, President and Proprietor of Takami Co, declares: “Born from the experience of the aesthetic and dermatological Takami clinics, our merchandise present the standard and the efficacy anticipated by probably the most demanding Japanese customers. After 21 years of development in Japan, we’re thrilled to affix the L’Oréal Group, the world’s main magnificence firm, which can enable us to develop our model due to its scientific and worldwide experience.”
L’Oréal has devoted itself to magnificence for over 100 years. With its distinctive worldwide portfolio of 36 various and complementary manufacturers, the Group generated gross sales amounting to 29.87 billion euros in 2019 and employs 88,000 individuals worldwide. Because the world’s main magnificence firm, L’Oréal is current throughout all distribution networks: mass market, department shops, pharmacies and drugstores, hair salons, journey retail, branded retail and e-commerce.
Analysis and innovation, and a devoted analysis group of 4,100 individuals, are on the core of L’Oréal’s technique, working to fulfill magnificence aspirations everywhere in the world. L’Oréal units out bold sustainable improvement objectives throughout the Group for 2030 and goals to empower its ecosystem for a extra inclusive and sustainable society.
Extra data: https://mediaroom.loreal.com/
“This press launch doesn’t represent a proposal of sale or solicitation of a proposal to buy L’Oréal shares. For those who want to get hold of extra complete details about L’Oréal, please check with the general public paperwork registered in France with the Autorité des Marchés Financiers, additionally out there in English on our web site www.loreal-finance.com.
This press launch could include forecast data. Whereas the Firm believes that these statements are primarily based on cheap assumptions as of the date of publication of this press launch, they’re by nature topic to dangers and uncertainties which can result in a discrepancy between the precise figures and people indicated or recommended in these statements.”
Particular person Shareholders and Market Regulators
+33 (0)1 47 56 72 06
Monetary Analysts and Institutional Traders
+33 (0)1 47 56 86 82
+33 (0)1 47 56 76 71
Switchboard: +33 (0)1 47 56 70 00
For additional data, please contact your financial institution, stockbroker of economic establishment (I.S.I.N. code: FR000012031) and seek the advice of your traditional newspapers or magazines or the Web website for shareholders and traders, www.loreal-finance.com, the L’Oréal Finance app or name the toll-free quantity from France: 0 800 66 66 66.
Comply with us on Twitter @loreal