Merger Notification - Announcement according to § 10 Cartel Act
L’Oréal S.A.; Kering S.A.
BWB/Z-7184
On 22.12.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
L’Oréal S.A., France, and Kering S.A., France, entered into a Share Purchase Agreement whereby L’Oréal and Kering will enter into a long-term strategic partnership in luxury beauty.
C - MANUFACTURING C 20 - Manufacture of chemicals and chemical products, C 20.4 - Manufacture of washing, cleaning and polishing preparations, C 20.42 - Manufacture of perfume and toilet preparations
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 19.01.2026.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 20.01.2026 .