L'Oreal news and archive

L’Oréal makes string of new executive appointments

Beauty giant L’Oréal has announced a series of appointments as part of the group’s executive committee, which are due to come into effect in the first quarter of 2024. This includes the creation of the new role deputy CEO in charge of divisions for L’Oréal China, which was established to address the “increased complexity of the Chinese market”...

Business |Beauty

L’Oréal completes acquisition of Aesop

Global beauty group L’Oréal has completed the acquisition of Australian luxury skincare brand Aesop from Natura & Co. The deal, first announced in April, will see Aesop joining the L’Oreal Luxe Division, which includes brands such as Lancôme, Yves Saint Laurent and Giorgio Armani, as the beauty group looks to take the Australian brand “to the...

Business

L'Oreal H1 profits rise

Cosmetics and beauty products giant L'Oreal Co. (LRLCY.PK), Thursday reported first-half 2022 net profit excluding non-recurring items of 3.62 billion euros or 6.73 euro per share, up from 3.25 billion euros or 6.05 euro per share last year. Sales for the first half rose 12 percent to 20.57 billion euros from 18.37 billion euros last year. On a...

Business

L’Oréal and Verily partner on skin and hair research project

Beauty giant L’Oréal has announced a new partnership with Alphabet health tech firm Verily for a multi-year study addressing skin and hair health. Dubbed ‘My Skin & Hair Journey’, the project looks to better understand the biological, clinical and environmental factors that contribute to skin and hair over time. As part of the initiative, a...

Business

L’Oréal invests in biotech company Debut

L’Oréal’s venture capital fund Bold has announced its latest investment in US biotech company Debut as it looks to rapidly scale the firm’s manufacturing platform. Through the funding, Debut is also looking to meet the growing demand for products made using biomanufacturing, building on the existing joint development programmes of Debut and L’Or...

Business

L’Oréal names first members League of Experts collective

L’Oréal Paris has announced the initial three members of its newly formed artistry-focused collective, who have been selected to contribute to the brand’s vision through their own expertise. Dubbed ‘L’Oréal Paris League of Experts’, the group currently consists of red-carpet expert Allan Avendaño, celebrity makeup artist Claudia Betancur and...

BusinessFeatured

L’Oréal’s sustainability journey and the challenges it faces

On entering L’Oréal’s Benelux headquarters, located in Hoofddorp, the Netherlands, it is clear that going ‘green’ is definitely on the group’s mind. Among the strips of natural wood used throughout the building’s foundations, plants scale the interior leading down to a lobby where, on this occasion, various products from a selection of the...

Business

L’Oréal posts strong Q1 sales growth despite China impact

French beauty giant L’Oréal has reported a 14.6 percent increase in sales in the first quarter despite still feeling the impact of restrictions in China. The company made net sales of 10.38 billion euros in the quarter, up from 9.06 billion euros the prior year. On a like-for-like basis, sales rose 13 percent. CEO Nicolas Hieronimus hailed the...

Business

Alibaba and L’Oréal partner on promoting a circular economy in China’s beauty market

Marketplace giant Alibaba has signed a three-year partnership with cosmetics conglomerate L’Oréal which will centre around the promotion of a circular economy in China’s beauty industry. The signing ceremony took place alongside French president Emmanuel Macron’s three-day visit to the country, during which Alibaba’s chairman and CEO, Daniel...

Business |Beauty

L'Oréal acquires Aesop for 2.5bn dollars

Aesop, the Australian-founded luxury beauty company, has been acquired by L’Oréal in a deal valued 2.5 billion dollars. Brazilian cosmetics group Natura & Co, which also owns the Avon and Body Shop brands, is selling the brand 10 years after it acquired a 65 percent stake in 2013. The transaction is signifant for L’Oréal and marks amongst its...

Business

L’Oréal becomes founding investor in sustainable material developer, Geno

Beauty giant L’Oréal has become the final founding investor in Genomatica (Geno), a manufacturer of sustainable materials, joining the likes of Unilever and Kao Corporation in backing the venture. L’Oréal’s presence will bring the group’s collective member revenue to over 100 billion dollars as it also accesses a wide range of products for...

Business

L’Oréal provides grant to Skin of Color Society to support research

Beauty giant L’Oréal USA has provided a 100,000 dollar research grant to the Skin of Color Society (SOCS) to support five early-career dermatologists and scientists in furthering their academic careers and developing ideas in clinical and translational research. The organisation itself advocates for research and education on the diagnosis and...