“To truly achieve global decarbonization in our operations, we need to shift from reducing carbon intensity to absolute carbon reduction,” says Kering.

Founded in 1989 in Moirans-en-Montagne, in the Burgundy-Franche-Comté region of eastern France, UNT is a key player in the manufacturing of high-precision metal and mechanical components for the entire luxury eyewear industry.

Sales hit a record at €332m in Q4, up +4% on an organic basis vs. 2021, despite a high comparison basis.

Skincare, lipstick, and eye makeup products are the top three products in terms of export volume.

The Asia-Pacific region is the largest market for Hermes, with sales of 6.657 billion euros in 2022, accounting for 57%.

Group annual revenue exceeds €20 billion for the first time, with record results for all brands.

The offer for this privatization transaction is €48 per share, with new shareholders holding no more than 5% of the shares. The agreement reached is a long-term agreement, including an 8-year lock-up period, and there is no call or put option agreements.

Finding a buyer is not part of their plans.

Investors include private equity fund Arkéa Capital, the private equity arm of Crédit Mutuel Arkéa Group, private equity funds Raise Investissement, and Dzeta Group.

“BOLD helps L’Oréal connect to a global ecosystem of startups and gain early access to disruptive technologies and brands to create the beauty that moves the world. Our ambition: beyond investing, we seek to provide smart support to our startups.”