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
  • Special Effects

    Special Effects

    Melissa Meisel, Associate Editor||August 1, 2016
    Fall 2016 color cosmetics reflect light and offer a focus on elements like pigment, slip and wear.

  • Works of Art

    Works of Art

    Tom Branna, Editorial Director||August 1, 2016
    These suppliers know that the container can be just as important as the juice to entice luxury shoppers.

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event