L Oreal - M&A Summary and Business Overview

Consumer ProductsCompany

L Oreal M&A Summary

L Oreal has acquired 37 companies, including 7 in the last 5 years. A total of 12 acquisitions came from private equity firms. It has also divested 2 assets.

L Oreal’s largest acquisition to date was in 2023, when it acquired Emeis Cosmetics Pty for $2.5B. It’s largest disclosed sale occurred in 2017, when it sold The Body Shop International to Natura Cosméticos SA for $1.1B. L Oreal has acquired in 8 different US states, and 12 countries. The Company’s most targeted sectors include consumer products (78%) and healthcare services (9%).

L Oreal Business Overview

Where is L Oreal headquartered?

L Oreal is headquartered in Clichy, France.

What is L Oreal’s revenue?

L Oreal disclosed revenue of 41,182M EUR for 2023 and 38,261M EUR for 2022.

How many employees does L Oreal have?

L Oreal has 94,605 employees.

What sector is L Oreal in?

L Oreal is a consumer products company.

When was L Oreal founded?

L Oreal was founded in 1909.

M&A Summary

  • M&A Total Activity37
    • M&A Buy Activity35
    • M&A Sell Activity2
  • Total Sectors Invested 6
  • Total Countries Invested 12
  • M&A Buy/Sell Connections 15
  • M&A Advisors 2

L'Oreal

L'Oreal SA

41, rue Martre,
Clichy, 92117
France,
+33 1 47 56 70 00
www.loreal.com

L'Oréal is a global cosmetics company. With a portfolio of dozens of international, diverse and complementary brands, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, travel retail, and branded retail. L'Oreal was founded in 1909 and is based in Clichy, France.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 30 1 1 1 1 1 35
vol $3.9B $2.5B $6.4B
Sell (0.2/yr) # 1 1 - - - - 2
vol $1.1B $1.1B
  37

Most Recent M&A

Company Date Value Type
Galderma SA 2024-08-05 - Stake Purchase
Zug, Switzerland · www.galderma.com
Emeis Cosmetics Pty Ltd 2023-04-03 2.5B USD Divestiture
Collingwood, Australia · www1.aesop.com
Skinbetter Science LLC 2022-09-23 - Add-on Acquisition
Phoenix, Arizona · www.skinbetter.com
Youth To The People LLC 2021-12-08 - Add-on Acquisition
Los Angeles, California · www.youthtothepeople.com
Thayers Natural Remedies 2020-06-18 - Add-on Acquisition
Easton, Connecticut · www.thayers.com
Roger & Gallet 2020-02-04 - Divestiture
Paris, France · www.roger-gallet.com
Groupe Clarins - Mugler Brands and Azzaro Fragrances 2019-10-21 - Divestiture
Paris, France
Modiface, Inc. 2018-03-16 - Add-on Acquisition
Toronto, Ontario · www.modiface.com
The Body Shop International plc 2017-06-09 1.1B EUR Divestiture
England, United Kingdom · www.thebodyshop.com
CeraVe 2017-01-10 - Divestiture
Bridgewater, New Jersey · www.cerave.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Products 27 (77%) 4.1B (64%) 1 (50%) -
Healthcare Services 3 (9%) 1.1B (17%) - -
Retail 2 (6%) 1.2B (19%) 1 (50%) 1.1B (100%)
Business Services 1 (3%) - - -
Distribution 1 (3%) - - -
Information Technology 1 (3%) - - -
Total 35 $6.4B 2 $1.1B

By Geo

State/Country Buy Value Sell Value
United States 18 2.0B - -
  California 5 - - -
  New York 4 758M - -
  New Jersey 4 1.2B - -
  Washington 1 - - -
  Ohio 1 - - -
  Florida 1 - - -
  Connecticut 1 - - -
  Arizona 1 - - -
France 5 260M 1 -
Canada 2 843M - -
  Ontario 2 843M - -
China 2 843M - -
United Kingdom 1 - 1 1.1B
Australia 1 2.5B - -
Brazil 1 - - -
India 1 - - -
Israel 1 - - -
Italy 1 - - -
Kenya 1 - - -
Switzerland 1 - - -
Domestic 5 (14%) 260M (4%) 1 (50%) -
Cross-border 30 (86%) 6.2B (96%) 1 (50%) 1.1B (100%)
Total 35 $6.4B 2 $1.1B

Top M&A Advisors

Financial Deals
Lazard
2
Legal Deals
Weil Gotshal & Manges
1

Deal Values

buy # Total
> $1B 2 $3.7B
$100M to $1B 4 $2.7B
TOTAL $6.4B
Largest Emeis Cosmetics Pty Ltd
$2.5B (2023-04-03)
sell # Total
> $1B 1 $1.1B
TOTAL $1.1B
Largest The Body Shop International plc
$1.1B (2017-06-09)

M&A Connections

Deals
Acquired from
Investor(s)
29%
10 (29%)
Strategic(s)
26%
9 (26%)
Divested to
Strategic(s)
100%
2 (100%)

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