L'Oreal news and archive

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...

Business

L’Oréal Q4 revenue up 13.5 percent

L’Oréal has reported revenue of 10.32 billion euros in the fourth quarter, up 13.5 percent from a year earlier, or up 8.1 percent on a like-for-like basis. For the full year, revenue of 38.26 billion euros was up 18.5 percent from the prior year, or up 10.9 percent on a like-for-like basis. The French beauty giant saw growth across all regions...

Fashion |Beauty

L'Oreal faces multiple lawsuits claiming its hair relaxer products cause cancer

L’Oréal’s hair relaxer products are at the centre of 57 lawsuits in the U.S., for allegedly having cancer-causing properties. In a federal court in Chicago, the lawsuits, which were initially filed across the country, will be consolidated, accusing the beauty giant of knowing their products contained dangerous chemicals but marketed and sold...

Business

L’Oréal creates Net Zero Salons Programme for UK and Ireland

Beauty giant L’Oréal has partnered with an organisation on the launch of the ‘Net Zero Salons Programme’ designed to support hair salons in their attempts to reduce carbon emissions and become net zero businesses. Together with Net Zero Now, the conglomerate hopes to guide salons through the process of calculating, tracking and reducing...

Business

L’Oréal hosts fifth edition of Paris Fashion Week event with star-studded cast

Beauty giant L’Oréal returned to Paris Fashion Week for an off-schedule show with its fifth edition of ‘Le Défilé L’Oréal Paris’. According to the group’s press release, over 2,000 people attended the public outdoor runway event, which took place at the national monument, École militaire, overlooking the Eiffel Tower. A number of the brand’s...

Fashion |Beauty Featured

Prada launches a new fragrance for women

Prada has launched a new women’s fragrance, Prada Paradoxe, with a film and campaign fronted by actress Emma Watson to capture “the essence of the undefinable and ever-evolving Prada woman”. Prada Paradoxe is the first major scent for women from the Italian fashion brand to be launched by L’Oréal, the brand’s fragrance and beauty licensee, and...