L'Oreal news and archive

L'Oréal expands partnership with Debut to scale biotech for sustainable beauty

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...

Fashion

L'Oreal and Estée Lauder perfumes linked to child labour, says report

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...

Business

Puig prepares to go public, setting share price at 24,50 euros

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,...

Fashion |Beauty

YSL Beauty expands rewilding initiative

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...

Fashion |Beauty

L’Oréal launches Melasyl to address skin pigmentation

Beauty giant L’Oréal Groupe has launched a groundbreaking molecule called Melasyl, designed to address localised pigmentation issues that lead to age spots and post-acne marks. According to a recent worldwide epidemiological study on pigmentary disorders, conducted by La Roche Posay, half of all people report having at least one skin...

RetailFeatured

Body Shop suppliers left with 1 million dollars of unsold ingredients

As The Body Shop enters administration, its fair trade suppliers in Africa and the Amazon are grappling with the aftermath. Many find themselves burdened with significant stockpiles of ingredients, facing uncertainty about the prospect of selling them should stores be shuttered. Data unveiled by The Guardian indicates that several suppliers,...

Fashion |Beauty

Miu Miu signs beauty license with L'Oréal

Prada S.p.A and L’Oréal Group have signed a worldwide long-term license deal for the creation, development, and distribution of luxury beauty products for the Miu Miu brand. The move will see Miu Miu beauty joining the L’Oréal Luxe division that already includes the Prada license. The first Miu Miu fragrances under L’Oréal are expected to be...

BusinessFeatured

L'Oréal achieves 2023 like-for-like sales growth of 11 percent

L'Oréal sales of 41.18 billion euros in the financial year 2023, increased by 7.6 percent reported and 11 percent like-for-like. The company’s operating margin improved to 19.8 percent, up 30bps; while operating profit reached 8,143.3 million euros. Earnings per share of 12.08 euros, rose by 7.3 percent. L'Oréal’s board of directors has...

Business |Beauty

L'Oréal invests in Swiss longevity biotech company Timeline

Global beauty giant L'Oréal, through its venture capital fund Business Opportunities for L’Oréal Development (Bold), has invested in Timeline, a Swiss consumer health biotech company specialising in longevity. In a statement, Timeline confirmed that it raised 66 million US dollars in an “oversubscribed” Series D financing round, including...

Fashion |Beauty

L'Oréal unveils hairdryer using infrared light at CES

L’Oréal unveiled a new hairdryer at this year’s Consumer Electronics Show (CES) in Las Vegas, US, that promises to dry hair up to 33 percent faster, make hair smoother and use less power. The futuristic-looking ‘AirLight Pro,’ developed in partnership with hardware start-up Zuvi, is being described by L’Oréal as a “breakthrough” product as it...

People

L'Oreal heiress Francoise Bettencourt Meyers becomes richest woman in the world

L'Oreal heiress Françoise Bettencourt Meyers became the richest woman and the 12th richest person in the world after her net worth crossed the 100 billion dollars mark on Thursday, according to the Bloomberg Billionaires Index. Meyers is the granddaughter of Eugene Schueller who founded L'Oreal in 1909. She inherited the company's shares from...

People

L'Oréal heiress is first woman to achieve historic 100 billion dollar fortune

L'Oréal heiress Françoise Bettencourt Meyers has achieved the milestone of being the first woman to accumulate a 100 billion dollar fortune, as per the latest ranking of the world's wealthiest individuals by Bloomberg. The French beauty empire, founded by her grandfather, is experiencing a notable surge in stock market performance, reaching...