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LRLCY Loreal Co (PK)

74.83
-1.05 (-1.38%)
31 Oct 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Loreal Co (PK) USOTC:LRLCY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -1.05 -1.38% 74.83 74.42 75.30 74.83 73.28 73.96 292,496 20:03:33

Prada Signs Agreement With L'Oreal for Luxury Beauty Products

12/12/2019 6:51am

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  By Giulia Petroni 
 

Prada SpA (1913.HK) said Wednesday that it has signed a long-term agreement with L'Oreal SA (OR.FR) for the creation, development and distribution of luxury beauty products.

"This agreement will allow the two companies to combine their expertise in each of their own sectors," the Italian luxury-fashion company said.

The deal is effective on Jan. 1, 2021, according to Prada.

Financial details of the transaction weren't disclosed.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

December 12, 2019 01:36 ET (06:36 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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