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L'Oréal news and archive

Armani explores minority stake sale

The latest collection designed by Giorgio Armani was presented in Milan less than one week ago. The management has now reportedly contacted potential buyers for the sale of a minority stake in the fashion group. This was reported by the Reuters news agency, which cited three sources familiar with the situation. The move has initiated a de facto...

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L'Oréal launches 2025 employee share ownership plan

L’Oréal has launched its fifth annual global employee share ownership plan, offering employees an opportunity to purchase company shares under specific terms. This 2025 initiative allows for employee participation in shareholding. Available in 62 countries where permitted by local regulations, the 2025 plan offers up to 300,000 shares, an...

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L'Oréal eyes Medik8 for one billion euros

French beauty giant L’Oréal is reportedly poised to acquire cosmetics brand Medik8 for one billion euros, the Financial Times reported on Wednesday. Specialising in ‘anti-ageing’ skincare, Medik8 would sit within L’Oréal’s dermatological beauty section alongside brands like La Roche-Posay and Vichy, which saw its revenue increase by 3.5 percent...

People|Beauty

L’Oréal appoints first-ever chief innovation and prospective officer

Beauty company L’Oréal has appointed Delphine Viguier-Hovasse to the newly created position of chief innovation and prospective officer to strengthen the group’s innovation leadership. Viguier-Hovasse, a trained engineer, joined L’Oréal back in 1997 and currently serves as global brand president of L’Oréal Paris. She will take up her new role on...

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L’Oréal invests in Jacquemus as brand enters ‘beauty chapter’

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,...

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Business|Beauty

IBM and L’Oréal partner to leverage AI to advance sustainability

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,...

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Fashion |Beauty

L’Oreal unveils skin analysis tool at CES 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...

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L’Oréal snaps up Korean skincare brand, Dr.G

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...

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L’Oréal records like-for-like sales growth of 6 percent

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...

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Fashion

Goosebumps and stars as Paris Fashion Week kicks off

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...

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L'Oreal to buy 10 percent stake in dermatology firm Galderma for undisclosed terms

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...

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L’Oréal H1 like-for-like sales grow by 7.3 percent

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...