L'oreal

We intend to more than double our business in India: L'Oreal CEO

Cosmetics major L'Oreal on Monday said it plans to more than double its business in India over the next couple of years besides expanding its factories. L'Oreal CEO Nicolas Hieronimus also said India is a key strategic market for them and it is one of the world's fastest-growing beauty markets. "India is a very strategic market for L'Oreal. We intend to more than double our business in the next couple of years , expand our factories which are today manufacturing 95 per cent of what we sell in India and also exporting to rest of the region. "So it is a country of opportunities and one of the fastest beauty markets in the world and is a big priority for L'Oreal," he told reporters here. He met Commerce and Industry Minister Piyush Goyal, who is here on an official visit to hold meetings with French leadership and firms to boost trade and investment between the two countries. "We are exporting hair and skin products, particularly to the Gulf region, it is a beginning of a big ...

L'Oreal Paris ropes in actor Alia Bhatt as new global brand ambassador

Leading French cosmetic maker L'Oreal Paris on Tuesday said it has roped in Bollywood actress Alia Bhatt as its new global brand ambassador. With this, Bhatt joins the brand's diverse roster of L'Oreal brand ambassadors like Viola Davis, Jane Fonda, Eva Longoria, Kendall Jenner, Elle Fanning, Camila Cabello, and many others. She will star in the French beauty brand's campaigns, starting in September 2024, said a L'Oreal statement. Bhatt embodies the core values of L'Oreal Paris, representing inclusivity and empowerment, sharing the transformative power of self-belief with women all over the world, it said. L'Oreal Paris Global President Delphine Viguier-Hovasse said: "I admire how Alia uses her global platform and role as a producer to push for inclusivity in the film industry and to shed light on Indian cinema worldwide. "Her commitment to care for people and the planet makes her the perfect ambassador for female talent, entrepreneurship, and for the endless possibilities L'Oreal

L'Oreal plans to acquire 10% stake in Swiss skincare firm Galderma

L'Oreal will now acquire 10 per cent stake for undisclosed premium from Sunshine SwissCo AG, Abu Dhabi Investment Authority (ADIA), Auba Investment Pte Ltd

Cannes 2024: Aditi Rao Hydari wants us to wish her good luck for event

Bollywood actress Aditi Rao Hydari is all set to attend the 77th Cannes Film Festival. She will go to the prestigious film festival as an ambassador for L'Oreal Paris

L'Oreal Q1 sales beats expectations, grows 9.4% on strong market demand

The French cosmetics giant, which owns the Maybelline and Lancome brands, reported sales of 11.24 billion euros ($11.98 billion) for the first three months to the end of March

L'Oreal heir Francoise Meyers becomes first woman with $100 bn fortune

The milestone came as shares of L'Oreal SA, the beauty products empire founded by her grandfather, rose to a record high, with the stock set for its best year since 1998

L'Oreal expands operations in India, enters dermocosmetic market: Report

French personal care company L'Oreal on Thursday announced its entry into the Indian dermocosmetic market and said it has introduced L'Oral Dermatological Beauty (LDB) in the country. LDB, a new division for the Indian market will bring products to dermatologists, patients, and consumers, a company statement said. It will start its journey in India with CeraVe, a leading dermatologist-recommended skincare brand in the US market. L'Oral India Managing Director Aseem Kaushik said the entry is significant for India where the ratio of dermatologists to consumers is one of the lowest in the world (0.7 dermatologists for every 1,000 people). "We believe everyone deserves access to expert dermatological care and effective skincare solutions. Skin health is the foundation of beauty and with LDB we aim to deliver on our promise to both Indian dermatologists and patients," he said. Globally, LDB partners with over 250,000 healthcare professionals, including leading dermatologists, to develo

L'Oreal to buy luxury cosmetics brand Aesop in $2.5 billion deal

At L'Oreal, Aesop joins a cast of luxury brands such as Lancome and Yves Saint Laurent as the French company bets on a continued drift toward high-end cosmetics

L'Oreal appoints Aseem Kaushik as Managing Director for India

French personal care company L'Oral on Monday announced the appointment of Aseem Kaushik as its Managing Director for India. He will be succeeding Amit Jain, who has decided to retire by the end of this year, according to a statement from L'Oreal India, a wholly-owned subsidiary of L'Oreal SA. Jain will assume the role of Chairman for L'Oral India, it added. Kaushik has been with the company for 27 years and held several leadership positions within the group. Most recently, he led international teams in PPD (Professional Products Division). Jain said: "Kaushik was one of the pioneers who set up new businesses and paved the foundation of growth for L'Oral in India today. I am delighted to welcome him back following his assignments abroad and pass on the reigns to him." Jain, who had joined L'Oral India in June 2018 as Country Managing Director, has around 30 years of experience and worked with companies like ICI, Coca-Cola, Viacom, and Akzo Nobel. "During his 4.5-year tenure at L'

Delhi HC directs L'Oreal to pay profiteered amount of Rs 186 crore

The court, which clubbed the petitions, had posted the matter for next hearing on October 19

L'Oreal bucks declining trend with Chinese sales growth in second qtr

Cosmetics group L'Oreal bucked a declining trend for the luxury and fashion industry in China with sales growing in the second quarter despite Covid-19 lockdowns

L'Oreal sales rebound as beauty business shifts online in pandemic

Earnings at luxury retailers and beauty companies were dented by the closure of airport duty-free shops and high street stores

L'Oreal sales rebound helped by China and booming online business

Luxury retailers and beauty companies have had earnings dented by the closure of airport duty-free shops and high street stores,

L'Oreal turns to Google as coronavirus spurs virtual make-up shift

Shoppers searching Google for cosmetics will be able to try them on virtually through a deal with L'Oreal, as the French group looks to make up for lost store sales caused by coronavirus lockdowns

L'Oreal's UK, Ireland CEO Vismay Sharma to join executive committee

Sharma is the first Indian to join L'Oreal's Executive Committee

Fairness cream firms get innovative with marketing, use synonyms for 'fair'

Estimated at Rs 5,000 crore in size and used by both men and women in India, the fairness category for years has been criticised for promoting gender discrimination

After Hindustan Unilever, L'Oreal to drop 'white' from skin care range

On Friday, a company spokesperson said the group had acknowledged legitimate concerns about the terms used to describe skin even-ing products.

Fallout of acrimonious leadership disputes

Disputants must always try to find, directly or through well-wishers, a way to arrive at a compromise

L'Oreal to sell Body Shop to Brazil's Natura in $1.1 bn deal

The proposed deal put an enterprise value of'1 bn euros on the 4 decades old beauty brand

L'Oreal now 3rd in personal care market

HUL and Colgate remain top two but French major moved past Godrej Consumer and Dabur in past year