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L’Oréal to sell its Roger & Gallet brand

The L’Oréal group has announced that it has entered in exclusive negotiation with the French investment holding Impala for the sale of its Roger & Gallet brand.

Founded in 1862 in Paris, Roger & Gallet has its origins in pharmacy fragrances, inspired by French « art de vivre ». The brand joined the L’Oréal group in 2008, when the company acquired Yves Saint Laurent Beauté. Roger & Gallet offers a rich catalogue of fragrance-based products including perfumes, toiletries and skincare. In 2018, according to L’Oréal, the brand generated 52 million euros of sales.

Impala is an investment holding founded in 2011 by Jacques Veyrat, a French entrepreneur and former CEO of the Louis Dreyfus Company B.V. With more than 2 billion euros net assets, Impala is mainly active in the energy sector as majority shareholder of Neoen (first French independent producer of renewable energies), in the industrial sector though Arjo Solutions and Inexto (provider of solutions against counterfeiting), and in the cosmetic sector notably with its participation in Augustinus Bader (innovative cosmetic brand based on cellular regeneration). Impala invests its own capital, without time constraints, in projects with the potential to deliver profitable growth over the long term.

This project will be submitted for consultation to employee representatives of L’Oréal and could be completed this summer.

© 2020 - Premium Beauty News -
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