Following a strategic review regarding the best development options for the Roger & Gallet brand, L’Oréal announced that it has entered into exclusive negotiation with the French investment holding company Impala for the sale of the Roger & Gallet brand.

WHO: Founded in 1862 in Paris, Roger & Gallet has its origins in pharmacy fragrances. Part of L’Oréal since the acquisition of Yves Saint Laurent Beauté in 2008, Roger & Gallet offers a rich catalog of fragrance-based products including perfumes, toiletries, and skincare.

Impala is the investment holding company of the French entrepreneur Jacques Veyrat. With more than 2 billion euros net assets, Impala is mainly active in the energy sector as majority shareholder of Neoen, in the industrial sector through Arjo Solutions and Inexto, and in the cosmetic sector notably with its participation in Augustinus Bader. Impala invests its own capital, without time constraints, in projects with the potential to deliver profitable growth over the long term.

DETAILS:

• L’Oréal to sell Roger & Gallet to the Impala group.
• Financial terms were not disclosed.
• In 2018, the brand generated 52 million euros ($57 million) of sales.
• The brand has been run through L’Oréal’s Active Cosmetics Division.
• This project will be submitted for consultation to employee representatives of L’Oréal and could be completed this summer.