L'Oréal: partnership renewed with Armani
(CercleFinance.com) - On Thursday morning L'Oréal reported having signed an agreement to renew its license with Armani, which will last until 2050.
Since 1988, through its Luxury division, the world's leading cosmetics company has been developing perfume, skincare and make-up ranges, all of which have been inspired by Giorgio Armani. These ranges have posted one of the strongest growths in the sector and last year exceeded sales of one billion euros.
The renewal of our agreements with the Armani group demonstrates our confidence in this successful partnership, which has proven its strength and consistency over the years. There are real synergies between our expertise and the exceptional creative inspiration of Giorgio Armani, which makes Armani one of the most beautiful and dynamic beauty brands in the world, said L'Oréal's chairman and CEO, Jean-Paul Agon.
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Since 1988, through its Luxury division, the world's leading cosmetics company has been developing perfume, skincare and make-up ranges, all of which have been inspired by Giorgio Armani. These ranges have posted one of the strongest growths in the sector and last year exceeded sales of one billion euros.
The renewal of our agreements with the Armani group demonstrates our confidence in this successful partnership, which has proven its strength and consistency over the years. There are real synergies between our expertise and the exceptional creative inspiration of Giorgio Armani, which makes Armani one of the most beautiful and dynamic beauty brands in the world, said L'Oréal's chairman and CEO, Jean-Paul Agon.
Copyright (c) 2018 CercleFinance.com. All rights reserved.