YSL Beauté (L’Oréal Luxe) and Stella McCartney decide not to renew their license agreement. Group

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YSL Beauty (part of L’Oréal Luxe) and Stella McCartney have made the mutual decision not to renew their license agreement after the contract ends on September 12, 2013. As a result of their mutual decision, L’Oréal will focus on concentrating on its other brands while Stella McCartney will pursue its fragrance and beauty business

About L’Oréal
L’Oréal, the world’s leading beauty company, has catered to all forms of beauty in the world for over 100 years and has built an unrivalled portfolio of 27 international, diverse and complementary brands. With sales amounting to 22.5 billion euros in 2012, L’Oréal employs 72,600 people worldwide. In 2013, the Ethisphere Institute, a leading international think-tank for business ethics, corporate social responsibility and sustainability, recognized L’Oréal as one of the World’s Most Ethical Companies. This is the fourth time that L’Oréal has received this distinction. www.loreal.com