L'Oreal linked to Giorgio Amani

By Guy Montague-Jones

- Last updated on GMT

L'Oreal is preparing behind the scenes for the purchase of a stake
in Giorgio Armani, according to an unconfirmed report in Milano
Finanza (MF).

The world's largest cosmetics company completed several acquisitions during 2007 and looks set to continue in the same vein this year with high sales growth inflating its war chest. MF did not explain how it obtained the information regarding the future ownership of Giorgio Armani, stating only that L'Oreal is currently working on the deal. L'Oreal already produces perfumes under the Giorgio Armani brand. Milan-based Giorgio Armani is worth between €3.5bn ($5.2bn) and €5bn, according to the Italian newspaper. While L'Oreal did not complete any acquisitions on the scale of Sanolflore and the Body Shop in 2007, it made a number of significant acquisitions. In the past six months, the company has bought Maly's West, the third largest beauty salon distributor in the US, in a bid to increase its foothold in the US salon hair care market after adding the professional hair care supplier Beauty Alliance to its portfolio last April. Most recently, L'Oreal acquired the hair care specialist Canan in an attempt to tap into the growing cosmetics market in Turkey. L'Oreal's sales for the first nine months of 2007 were $12.6bn, an increase of 7.7 per cent on the year before.

Related news

Show more

Related products

show more

Discover Peptan for Beauty & Diverse Skins

Discover Peptan for Beauty & Diverse Skins

Content provided by Rousselot | 05-Sep-2024 | Product Brochure

As beauty from within solutions soar in popularity, manufacturers need to be able to serve everyone, no matter their ethnicity or skin type.

FucoSkin®: Ocean-Inspired Sustainable Beauty

FucoSkin®: Ocean-Inspired Sustainable Beauty

Content provided by Hi-Q Marine Biotech International Ltd | 28-Aug-2024 | White Paper

FucoSkin® is a fucoidan-rich extract derived from the brown seaweed Laminaria Japonica, known for its excellent anti-aging and photoprotective benefits....

Collagen Reimagined, Discover Biodesigned Type XXI

Collagen Reimagined, Discover Biodesigned Type XXI

Content provided by Geltor | 20-Mar-2024 | Product Brochure

Collagen is the body’s most abundant protein and a mainstream ingredient for beauty. Type XXI collagen transcends a common protein into a powerful bioactive

Empowering natural barrier function for future-proof skin

Empowering natural barrier function for future-proof skin

Content provided by Lucas Meyer Cosmetics | 14-Mar-2024 | White Paper

Corneopeptyl™ is a new patented peptide biomimetic to the LCE6A protein, obtained by green chemistry-based synthesis. By mimicking the LCE6A protein activity,...

Related suppliers

Follow us

Products

View more

Webinars

Podcast