L’Oréal To Take Sole Control of Le Club des Créateurs

Acquires 50 percent stake from Groupe 3 Suissses International, its joint-venture partner for 21 years.

PARIS — L’Oréal, which already owns 50 percent of Le Club des Créateurs de Beauté, has agreed to acquire the 50 percent share held by Groupe 3 Suisses International, the French beauty giant announced Monday.

Terms of the deal were not disclosed.

Created through a joint venture in 1987 by L’Oréal and Groupe 3 Suisses International, a French catalogue powerhouse, Le Club des Créateurs de Beauté’s business concept was to recruit a half dozen “creators,” three of them French fashion designers, and let them concoct their own beauty brands, then sell the affordably priced products directly to consumers through catalogues. In time, the company began selling online, as well.

Le Club’s main brands include agnès b., Cosmence and Pr. Christine Poelman.

For more, see Tuesday’s issue of WWD.

load comments


Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
blog comments powered by Disqus