The Way to the Future in Luxury Fine Fragrances

L’Oreal announced the signature of a License Agreement with Proenza Schouler for the creation and development of fine fragrances.Proenza Schouler,New Yorkbased women’s wear brand, was founded by designersJack McColloughandLazaro Hernandezin 2002. Considered to be one of the most exciting American fashion brands of today, Proenza Schouler’s youthful downtown voice, fluent in high fashion, is contemporary in design and attitude. Inspired by modern art and youth culture,Jack McColloughandLazaro Hernandezare constantly pushing the boundaries of traditional fabrication with an inter-play between new technology and craft.

«Jack McColloughandLazaro Hernandezclearly belong to the very short list of today’s most aspiring US designers whose creativity will bring the perfect complement to L’Oreal Luxe’s portfolio of iconic fragrance brands. We are eager to welcome these remarkable designers to the L’Oreal family,» commentedNicolas Hieronimus, President L’Oreal Selective Divisions.

Fueled by the designers’ innovative talent and numerous prestigious fashion awards, Proenza Schouler has expanded rapidly worldwide. The first handbag collection was launched in 2008, followed by a license agreement to produce and distribute the brand’s footwear collection in 2012. Today the brand boasts ten flagship stores and over 100 points of sale in the most prestigious locations across more than twenty different countries.

«Proenza Schouler is one of the most inspiring brands in the fashion arena, redefining what it means to be a modern woman today. They are the voice of a generation. The brand’s commitment to innovation, detail, beauty and craft mirror the very core values of L’Oreal’s Luxury Designer Brands Fragrances,» saidNathalie Duran, International General Manager, L’Oreal Designer Brands Fragrances. L’Oreal Luxe’s Designer Brands Fragrances portfolio includes Cacharel, Diesel, Maison Margiela and Viktor&Rolf.

«We are incredibly excited to embark on this new adventure with L’Oreal. Working on a fragrance has always been a dream of ours, and we could not have imagined that one day we would be given the chance to do so with the world leaders in the field. We look forward to translating our visual aesthetic into the subtle and highly emotional world of scent,» addedJack McColloughandLazaro Hernandez.

L’Oreal has devoted itself to beauty for over 105 years. With its unique international portfolio of 32 diverse and complementary brands, the Group generated sales amounting to22.5 billion eurosin 2014 and employs 78,600 people worldwide. As the world’s leading beauty company, L’Oreal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail and branded retail.

Research and innovation, and a dedicated research team of 3,700 people, are at the core of L’Oreal’s strategy, working to meet beauty aspirations all over the world and attract one billion new consumers in the years to come.