Breaking News

L'Oréal Cuts McCartney

May 22, 2013

Stella's license expires in September.

Does L'Oréal have designs on another fashion designer? The cosmetics giant and Stella McCartney  “have made the mutual decision not to renew their license agreement after the contract ends on Sept. 12, 2013,” L'Oréal announced. “As a result of their mutual decision, L’Oréal will focus on concentrating on its other brands, while Stella McCartney will pursue its fragrance and beauty business.”

A McCartney spokesman had no further comment.

L’Oréal acquired the Stella McCartney beauty business in May 2008, as part of the deal to take over YSL Beauté from the then-PPR for about $1.5 billion at current exchange.

McCartney’s other major beauty projects have included two fragrances, L.I.L.Y. and a signature scent.

Related End-User Markets:

blog comments powered by Disqus
  • Innovation On Display

    Melissa Meisel, Associate Editor||February 3, 2016
    P&G Beauty Digital Studio showcases new products for 2016

  • Burgeoning Beauty

    Burgeoning Beauty

    Melissa Meisel, Associate Editor||January 4, 2016
    A look at trailblazers for 2016 and beyond.

  • Testing for Sustainable Preservatives

    Adam P. Byrne, William Michael Hart-Cooper, Kaj Johnson, Larry H. Stanker, Dominic W. S. Wong, William J. Orts||January 4, 2016
    A rapid, inexpensive and qualitative protocol for determining microbial growth inhibition.