Clichy, 2nd June 2008 - Legendary designer Yves Saint Laurent was an extraordinary visionary in the world of fashion. He embodied a mythical image of elegance and of French luxury, within the domains of both haute-couture and cosmetics.
“We are all shocked by the news of his passing,, which saddens us deeply. Mr. Saint Laurent was a fashion genius who revolutionised women’s fashion and beauty. He was an exceptional individual who transmitted his inspiration, passion and aesthetic vision to the entire world. Today the Yves Saint Laurent brand benefits from an international presence, and, having incorporated it within our luxury cosmetics division, we are dedicated to developing the brand’s fragrance and cosmetics lines,” said Jean-Paul Agon, CEO of L’Oréal.
About YSL Beauté :
On 30 April 2008, the licensing contracts and sale of YSL Beauté were formalised between PPR and L’Oréal, according to the announcement made on 23 January 2008. The parties expect that the sale will be finalised by the end of June 2008 following authorisation by competition authorities.
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