Cosmetics giant L’Oréal Group has made a minority investment in Jacquemus as the French luxury brand prepares to enter its “beauty chapter”. The long-term, exclusive beauty partnership intends to support Jacquemus’ independent development, while seeing it join L’Oréal Luxe, the group’s luxury beauty division. In a release, eponymous founder,...
7 Feb 2025
Global beauty company L’Oréal is collaborating with IBM to leverage the technology giant’s generative artificial intelligence (GenAI) to advance the creation of sustainable cosmetics. In a statement, the two companies said they will work together to build the first AI model that will uncover “new insights in cosmetic formulation data,...
21 Jan 2025
Beauty giant L’Oreal has unveiled a new personalised skin analysis tool at the annual CES tech showcase in Las Vegas, US, which enables consumers to understand their skin’s ageing trajectory in just five minutes. The L’Oréal Cell BioPrint, created in partnership with Korean startup NanoEnTek, is a portable lab-on-a-chip device, which uses...
6 Jan 2025
Beauty conglomerate L’Oréal has acquired a subsidiary of Swiss retail group Migros, which includes Korean skincare brand, Dr.G. The deal involves all assets under Migros’ Gowoonsesang Cosmetics Co, Ltd. subsidiary, and will see Dr.G ultimately added to L’Oréal Groupe’s Consumer Products Division (CPD). This category intends to meet the rising...
23 Dec 2024
In the first nine months, L’Oréal sales amounted to 32.40 billion euros, up 6 percent reported, while like-for-like sales grew by 6 percent. The company’s growth at constant exchange rates was 8.1 percent. “We delivered solid growth of 6 percent in the first nine months, well-balanced between value and volume, despite multiple turbulences that...
23 Oct 2024
Paris - Hollywood stars braved the rain to open Paris Fashion Week at L'Oreal's giant outdoor show Monday as rumours swirl of musical chairs at the top of fabled French brands. The cosmetics giant persuaded Jane Fonda — in snazzy silver sneakers — Kendall Jenner, Eva Longoria, and several of its other brand ambassadors to walk in a spectacular...
24 Sept 2024
Cosmetics and beauty products giant L'Oreal Co. (LRLCY.PK) announced Monday the acquisition of a 10% stake in dermatology company Galderma Group AG for a non-disclosed amount. The stake is being acquired from Sunshine SwissCo AG, a consortium led by EQT, Abu Dhabi Investment Authority (ADIA), Auba Investment Pte. Ltd., all acting in coordination...
5 Aug 2024
In the first six months, sales at L’Oréal amounted to 22.12 billion euros, up 7.5 percent reported with like-for-like sales growing by 7.3 percent. Growth at constant exchange rates was 9.8 percent. Operating margin for the period was 20.8 percent, up 10 basis points and net profit increased by 8.8 percent to 3.65 billion euros. Commenting on...
31 Jul 2024
Beauty biotech company Debut is expanding its partnership with L'Oréal, which owns Maybelline, NYX Cosmetics and Garnier, to develop and scale more than a dozen bio-identical ingredients to accelerate a more sustainable beauty industry. As part of the agreement, Debut will create new bio-based ingredients using proprietary advanced...
4 Jul 2024
A BBC investigation has uncovered the use of child labour in the jasmine supply chains of two major luxury perfume brands, Lancôme and Aerin Beauty. The investigation revealed that children are picking jasmine flowers in Egypt, which supplies about half of the world’s jasmine. Despite claims of zero tolerance for child labour from their parent...
29 May 2024
Spanish fragrance and fashion conglomerate Puig is poised to debut on the stock market this Friday, marking one of the most highly anticipated IPOs of the quarter. The company, which owns prominent brands like Dries Van Noten, Byredo, and Charlotte Tilbury, seeks to raise 2.6 billion euros, with a share price guidance of 24.50 euros per share,...
29 Apr 2024
French luxury cosmetics brand YSL Beauty has announced two new rewilding projects in partnership with global non-government organisation Re:Wild as part of its ongoing commitment to help nature return to its wild state. Due to climate change and extensive human utilisation of nature’s surfaces, the wild is in decline, with almost 75 percent of...
23 Apr 2024