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XCHANGING WINS A PROCUREMENT SERVICES CONTRACT WITH L'ORAL

XCHANGING WINS A PROCUREMENT SERVICES CONTRACT WITH L'OR&EacuteAL

Xchanging wins contract to manage a significant portion of indirect spend on behalf of L’Or&eacuteal, making this the largest procurement contract by spend for Xchanging.

L’Or&eacuteal, a leading global cosmetics and beauty company has awarded a three-and-a-half year procurement co-sourcing contract to Xchanging (LSE:XCH), the business process and technology services provider and integrator. As part of the contract, Xchanging will manage a significant amount of indirect procurement on behalf of L’Or&eacuteal across five countries – France, the UK, Germany, Italy and Spain. The contract runs to 31st December 2014.

Xchanging will operate on a co-sourcing basis working alongside L’Or&eacuteal’s purchasing team to streamline purchasing processes and improve overall quality and cost. The contract spans various categories of indirect spend including: Information Technology and Telecommunications, Facilities Management, Human Resources, Light Transport and Logistics Supplies, Travel, Industrial Supplies & Services, Utilities and Laboratory Supplies. Xchanging will also provide procurement management activities including reporting, supplier and contract management.

L’Or&eacuteal is present in over 130 countries, with 67,500 employees world-wide. Its brand portfolio includes: L’Or&eacuteal Paris, Garnier, Maybelline, Soft Sheen Carson, Matrix, Redken, L’Or&eacuteal Professional, K&eacuterastase, Vichy, Diesel, Inneov, La Roche-Posay, Lanc&ocircme, Biotherm, Khiel’s, Shu Uemura and Armani, Cacharel and Ralph Lauren fragrances. The company acquired The Body Shop in 2006.

Denis Royer, Managing Director, Xchanging Procurement Services Europe, added, “We are delighted to have won this contract with L’Or&eacuteal after a rigorous competitive process, enhancing our leading position in the European procurement services market. We look forward to working closely with the L’Or&eacuteal team and delivering the savings and benefits they expect from Xchanging”.

Xchanging Procurement Services manages annual indirect spend of over &euro4 billion on behalf of large corporations and services customers across a range of industries globally. We help maximise the value our customers receive from the money they spend and simplify the administration involved in the purchasing process. Offering a complete suite of procurement services, Xchanging deliver through a combination of high-calibre supply market specialists, technology and process expertise.

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