PR 2020 No. 03

HERALD advised L'OREAL in the constitution of its endowment fund

HERALD advised L'Oréal, the world's leading beauty company with 36 brands in its international portfolio and 88,000 employees worldwide, in setting up the L'Oréal Women's Fund.

In the exceptional context of the Covid-19 pandemic and in order to face the consequences of the pandemic, L'Oréal announced the creation of a social and environmental solidarity programme entitled "L'Oréal for the Future" to intervene on two priority areas in this period of crisis.

One of these components has resulted in the creation, in June 2020, of a philanthropic endowment fund, endowed with €50 million, to support associations working with women in highly vulnerable situations, who are the first victims of the social and economic crisis resulting from the health crisis.

L'Oréal was advised by Olivier Binder, an expert partner in the field of philanthropic foundations and trusts. Olivier Binder also advises and litigates on distribution law, competition law, franchise law and commercial real estate law. Member of Euro Franchise Lawyer, he is also an arbitrator referenced by the International Arbitration Chamber of Paris in the field of franchising.

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Herald is a business law firm. It offers its clients state-of-the-art legal expertise in all areas of law, both in advisory and litigation. Herald offers its clients cutting-edge legal expertise in all areas of the law, both in advice and litigation, from SMEs to large groups, in France and internationally.

The firm is a member of the international network GGI and a founding member of the French network Etelio. The quality of its quality management process has been ISO 9001 certified since 2008.

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