L'Oreal news and archive

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...

Business

L’Oréal acquires Danish research company, Lactobio

Beauty and cosmetics giant L’Oréal has announced the completion of its acquisition of Copenhagen-based probiotic and microbiome research company, Lactobio. In what it said was a “strategic acquisition”, L’Oréal’s takeover of Lactobio looks to build on the conglomerate’s two decade long research into the microbiome category, “reinforcing [its]...

Business

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...