The Grand Prix for Economic Performance awarded to L’Oréal today.
L’Oréal was today awarded the Grand Prix for economic performance, created by the magazine L’Expansion, recognising the Group’s exceptional capacity for sustained growth, profit and value creation. The prize, created as l’Expansion celebrates its 40th anniversary, recognises the company that has demonstrated the most remarkable economic performance over the past 40 years. The prestigious jury, made up of members of the editorial team and independent experts, was unanimous in its decision to award L’Oréal the prize for economic performance. By rewarding L’Oréal, the jury was recognising the Group’s remarkable development during the past four decades.
Over this period, L’Oréal’s turnover has multiplied by 200, the number of countries in which the company is based has increased from around 10 to 130 and the share price has grown by a multiple of 80.
From a basis of 3 international brands in 1967, L’Oréal is today proud to have seen its portfolio reach a total of 20 international brands present in 130 countries.
The prize for economic performance will be officially awarded to L’Oréal this evening by Madame Christine Lagarde, Minister for the Economy, Finance and Employment. Sir Lindsay Owen-Jones, Chairman of L’Oréal declared, “Everyone at L’Oréal is particularly proud to receive this prize for economic performance, as it recognises L’Oréal’s long-term success and the sustainability of a growth model based on investment in research and innovation, the development of great brands, and their globalisation.”