L'Oreal news and archive

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...

Report

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...

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...

Report

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...

Report

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...

Business|Beauty

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...

Report

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...