Sales at 30 June 2020
€13,07
Bn
-11.7%
like-for-like(1) and based on reported figures
+64.6%
growth in
e-commerce(2)
+17.5%
growth continues
in China(1)
More information loreal-finance.com
News
L’Oréal Signs Agreement to Acquire Thayers Natural Remedies
L’Oréal announced in June the signing of an agreement to acquire Thayers Natural Remedies, a US-based natural skincare brand from Henry Thayer Company. The brand will be integrated into L’Oréal’s Consumer Products Division.
Headquartered in Easton Connecticut, Thayers Natural Remedies has a strong skincare heritage and offers a portfolio of high-quality products including toners and astringents. Founded in 1847 by Doctor Henry Thayer, the brand is best known for its iconic Witch Hazel Aloe Vera Formula Facial Toner, a bestselling product popular among a diverse group of consumers.
The brand has expanded its distribution from natural grocery stores to a multichannel strategy, which includes mass and beauty retailers, drugstores and e-commerce. Thayers Natural Remedies recorded sales of US $44 million in 2019.
L’Oréal launches a second employee share ownership plan
In 2018, for the first time in its history, L’Oréal offered its employees to buy Group shares on preferential terms. Following the success of the first plan and to reaffirm its confidence in the future, the Group wishes to once again offer this opportunity to its employees in 2020. With this new plan, L’Oréal is demonstrating a twofold ambition: uniting and federating around its values, objectives and strategy, and involving employees in the Group’s development.
(1) Like-for-like: based on a comparable structure and identical exchange rates.
(2) Sales achieved on our brands’ own websites + estimated sales achieved by our brands corresponding to sales through our retailers’ e-commerce websites (non-audited data).