BCEAO releases $ 6 billion for West African economies

The BCEAO has just made a liquidity injection of 3350 billion FCFA ($ 6 billion) at a fixed rate of 2% in favor of several banks of the UMOA. A total of 87 financial institutions participated in the operation. The Central Bank of West African States (BCEAO) made a further injection of liquidity to its member countries last week. In total, 3350 billion FCFA ($ 6 billion) were disbursed by the institution.

During the auction on September 14, 87 banks in the sub-region obtained an injection of liquidity at a fixed rate of 2%. With more than 1000 billion FCFA ($ 1.8 billion), it is the Ivory Coast which obtained the most important financing, ie 31% of the funds injected.

It is followed by Senegal with more than 580 billion FCFA ($ 1 billion), Mali with 466 billion FCFA (835 million $), Benin with 434.5 billion FCFA (777 million $) and Burkina Faso with 318 billion FCFA. ($ 569 million). Niger with 241.6 billion FCFA ($ 432 million), Togo with 219 billion FCFA (…

L’Oréal signs an agreement to acquire Thayers Natural Remedies, an American skin care brand

L’Oréal today announced that it has signed an agreement with Henry Thayer Company to acquire Thayers Natural Remedies, an American skin care brand. The brand will be integrated into the Consumer Products Division of L’Oréal.
L’Oréal signs an agreement to acquire Thayers Natural Remedies, an American skin care brand

Based in Easton, Connecticut, Thayers Natural Remedies is a brand with a long heritage in skin care. It offers a range of high quality products, including tonic and astringent lotions. Created in 1847 by doctor Henry Thayer, the brand is notably known for its iconic bestseller "Witch Hazel Aloe Vera Formula Facial Toner", a witch hazel lotion, appreciated by many consumers.

The distribution strategy, initially in a network of natural product stores, has evolved towards a multichannel approach which today includes large distribution, distributors of specialized products, drugstores and online distribution. In 2019, Thayers achieved sales of $ 44 million.

Stéphane Rinderknech, President and CEO of L’Oréal USA and General Manager Multi Divisions of North America, said: "With a 170-year heritage, Thayers Natural Remedies is a very popular American brand. True to its roots, it has been able to develop its product range over time and create a strong bond with its consumers. With highly valued skincare products, the brand is today more fashionable than ever. It enjoys a unique position in the mass market. We are convinced of its growth potential. "

John Gehr, owner and CEO of Henry Thayer Company, said, "I have run this brand for 17 years and it has been a deeply rewarding experience to see the connection we have been able to create with our consumers. I could not imagine a better organization than L’Oréal to welcome Thayers and bring it to new horizons, while remaining faithful to its key values ​​of social and environmental responsibility. "

Alexis Perakis-Valat, General Manager of Consumer Products at L'Oréal, said: “We are delighted to welcome Thayers Natural Remedies, a brand with strong growth potential which is at the intersection of two major trends: natural and health. This acquisition is part of our global acceleration strategy in the skin care category. It perfectly complements our portfolio of brands in North America. "

This acquisition will be finalized after obtaining the agreement of the regulatory authorities.

About L’Oréal

For over 100 years, L’Oréal has been dedicated to the beauty profession. With an international portfolio of 36 diverse and complementary brands, the Group generated sales of € 29.87 billion in 2019 and has 88,000 employees worldwide. World leader in beauty, L'Oréal is present in all distribution channels: the mass market, department stores, pharmacies and parapharmacies, hair salons, travel retail, brand stores and e -trade.

L'Oréal relies on its excellence in the fields of research and innovation and its 4,100 researchers to meet all beauty aspirations in the world. L’Oréal has made ambitious commitments in terms of sustainable development by 2030, bringing together its entire ecosystem for a more inclusive and sustainable society.