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News Breaks
February 11, 2013
12:22 EDTLRLCYL'Oreal to recommend increasing dividend 15%, new EUR500M buyback plan
The company said, "The Group is thus well prepared to outperform the market in 2013, and to achieve another year of sales and profit growth. The Board of Directors has decided to propose to the Annual General Meeting of April 26, 2013 the payment of a dividend of 2.30 euros per share, an increase of 15% compared with the previous year, and the setting up of a new share buyback plan amounting to 500 millions in the 1st half of 2013."
News For LRLCY From The Last 14 Days
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April 14, 2014
12:04 EDTLRLCYL'Oreal says Q1 results confirm confidence in full-year goals
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12:03 EDTLRLCYL'Oreal reports Q1 sales EUR5.64B vs. EUR5.77B a year ago
The company said, “L’Oréal has made an encouraging start to the year. The divisions have posted contrasted performances: L’Oréal Luxe and the Active Cosmetics Division are maintaining their very good momentum. The Professional Products Division is confirming its recovery and has returned to growth in Western Europe and the United States. The Consumer Products Division is, as we had forecast and announced, being held back by North America, because of a high comparison base in the first quarter of 2013, linked to two major launches, and a sluggish trend in the mass-market channel over the first few months of the year."
April 10, 2014
06:04 EDTLRLCYYahoo hires Bobbi Brown to be editor-in-chief of beauty site, Re/code reports
Yahoo (YHOO) has hired Bobbi Brown, the creator of Bobbi Brown Cosmetics (EL), to be the editor-in-chief of its beauty site, Re/code reports, noting that several of Yahoo's big advertisers -- L'Oreal (LRLCY), Procter & Gamble (PG) and Unilever (UN, UL) -- are competitive with Bobbi Brown Cosmetics. Reference Link

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