Shiseido Company, Limited and Dolce＆Gabbana jointly announce that they have entered into a partial termination of their beauty license agreement subject to closing conditions.
This change, which is the result of a strategic agreement between the parties, will be effective on December 31, 2021 for all markets and all activities except those carried out from France.
Beauté Prestige International S.A.S. is currently considering a proposal from Dolce＆Gabbana to conclude the licensing activities carried out from France by the end of this year and to continue the production and distribution of Dolce＆Gabbana beauty products, on a worldwide basis, for a minimum period of 12 months starting January 1, 2022. Local consultation processes with French employee representatives have been launched accordingly.
This decision to partially terminate the agreement out of court is in line with Shiseido's medium-to-long-term strategy "Win 2023 and Beyond.
Shiseido and BPI entered into the -Dolce＆Gabbana licensing agreement in October 2016. BPI is responsible for the Shiseido Group's fragrance business.
Photo: screen capture of the site dolcegabbanabeauty.com/en/parfums/ © DR
