L'Oréal news and archive

L'Oréal AGM adopts all proposed resolutions

L'Oréal said that its Annual General Meeting adopted all the proposed resolutions. The AGM approved the parent company financial statements and the consolidated financial statements for 2021. The AGM decided on the distribution of a dividend of 4.80 euros per share. The dividend is increased to 5.28 euros for shares that have been continuously...

Business

Luxury division drives L'Oreal sales jump

L'Oreal said Tuesday its first quarter sales jumped nearly a fifth despite headwinds from the Ukraine war and pandemic disruptions in China as the French cosmetics giant pursued its luxury strategy. The 19 percent rise in sales to 9.06 billion euros (9.8 billion dollars) beat the analyst consensus of 8.8 billion euros established by Factset....

Podcast

Podcast: The Glossy Podcast interviews the Global Vice-President of L’Oréal’s Technology Incubator

In this episode, The Glossy Podcast has interviewed Guive Balooch, Global Vice-President of L’Oréal’s Technology Incubator, about innovation, the company's technology filter and making life easier for the consumer. Listen to the podcast below. Source: The Glossy Podcast via Megaphone

Podcast

Podcast: The future of men's cosmetics, with Ed Healy, Commercial Director at L'Oréal

For this episode of the UnEdited podcast, the Edited podcast, experts in data solutions for the Retail industry; the drivers have invited Ed Healy, commercial director of L'Oréal (UK) to discuss the future of beauty and cosmetic products for the male audience. The men's cosmetics market is on the rise, and is forecast to hit 166 billion by 2022....

Featured

Business

Optimism for luxury brands as sales in China 'bounce back'

As France extended its lockdown and store closures until 11 May, there may be a silver lining for luxury brands who are seeing revenue bounce back in China. LVMH, which last week said its second quarter would also be severely affected by the crisis, saw sales up 50 percent at Louis Vuitton stores in mainland China according to Bloomberg. L’Oréal...

Business

L'Oréal acquires Mugler and Azzaro perfumes

Typically an economic downturn is a rare time for mergers and acquisitions, but L'Oréal has just completed the acquisition of both Mugler and Azzaro perfumes. Last year, the cosmetics conglomerate announced a deal with Clarins to purchase the two perfume brands, and in the midst of a global pandemic, they somehow have managed to finalize the...

Business

Prada signs licensing deal with L'Oréal

Prada S.p.A. and L'Oréal have signed a long-term license agreement for the creation, development and distribution of luxury beauty products for the Prada brand. This agreement will allow the two companies to combine their expertise in each of their own sectors. “L’Oréal is the leading global beauty company," Prada CEO, Patrizio Bertelli, in a...

Business

L’Oréal in talks to buy Mugler and Azzaro

L’Oreal has confirmed that it has entered into an exclusive negotiation with the Clarins Group to acquire the Mugler fragrance and fashion businesses, as well as the Azzaro fragrance brand and accessories. The move, which it said remains “subject to consultation” will be completed later this year, is part of L’Oreal’s plans to reinforce its...

Fashion

Karl Lagerfeld and L'Oréal announce makeup collaboration

L'Oréal Paris and Karl Lagerfeld have announced a beauty collaboration, initiated by the late designer, that will debut during Paris fashion week in September. "This line of makeup truly reflects the Karl Lagerfeld brand universe and what Karl loved in makeup - he often used eyeshadows as colors in his sketches," said Caroline Lebar, Head of...

Fashion

L’Oreal to provide Amazon with technology for virtual try-ons

More and more beauty brands are taking advantage of the front-facing cameras on smartphones. Now, Amazon is taking part. According to Reuters, L’Oreal’s virtual reality business, ModiFace, is providing its augmented reality technology — which allows consumers to try on products — to Amazon. Customers of the online retail giant will now be able...

Business

Tech giants vow to double number of women managers by 2022

Forty-five tech giants committed Wednesday to doubling the number of women on their management boards to 30 percent by 2022, the French presidency said. Alibaba, BNP Paribas, Booking.com, IBM, L'Oreal and Uber were some of the high-profile companies to sign a pledge at the second "Tech for good" summit taking place in Paris. Businesses that...

People

Hermès CEO steps down from L’Oréal board over new beauty line

French beauty company L’Oréal has announced in a press release that Axel Dumas, CEO of luxury fashion house Hermès, is no longer a member of the company’s board of directors because the upcoming launch of Hermès’ own cosmetics line may represent “a possible conflict of interest”. Hermès confirmed in March that it is working on a full range of...