Expensive beauty hauls are a thing of the past for Evelyn Zhu. This restraint, which has taken hold amid a slowing economy, spells bad news for global firms such as L'Oreal, Estee Lauder and LVMH who for years banked on China's $52 billion beauty market for growth. Regional brands such as Japan's Shiseido, which counted China as its top market for years, are also struggling.
French limited company (Société anonyme) with registered capital of 107,199,421.40 euros Registered office: 14, rue Royale, 75008 Paris 632 012 100 R.C.S. Paris Legal Entity Identifier: 529900JI1GG6F7RKVI53 Disclosure of total number of voting rights and number of shares in the capital at November 30, 2023 Pursuant to article L-233-8 II of the French “Code de Commerce” and 223-16 of the AMF's General Regulations:Total number of shares535,997,107Number of real voting rights (excluding treasury sh
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA L’ORÉAL SUCCESSFULLY PRICES A 1.5 BILLION EURO DUAL TRANCHE BOND Clichy, 16 November 2023 – L’Oréal today announces that it has successfully priced a public bond offering for an aggregate nominal amount of €1.5 billion. The offering is composed of two tranches: - A €800 million long 3-year fixed rate bond paying a coupon of 3.375 % p.a. - A €700 million 6-year fixed rate