L’Oréal, one of the world’s largest beauty companies, has launched a new accelerator program to further drive innovation in the field of sustainability.
Beauty
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On June 14, Leonard A. Lauder, Chairman Emeritus of The Estée Lauder Companies Inc., passed away in New York, surrounded by his family. He was 92.
On June 11, L’Oréal Groupe announced a strategic partnership with U.S.-based AI chipmaker NVIDIA to accelerate the use of AI in the beauty industry.
On June 9, L’Oréal Group announced it has signed an agreement to acquire a majority stake in the British premium skincare brand Medik8.
On May 29, U.S. beauty retail giant Ulta Beauty announced its financial results for the first quarter of fiscal year 2025 (February–May 2025).
On May 28, U.S.-based beauty company e.l.f. Beauty announced that it will acquire rhode, the skincare brand founded by Hailey Bieber, in a deal valued at approximately $1 billion.
Rhode, the skincare brand founded by Hailey Bieber in 2022, has announced its upcoming debut in Sephora stores across the U.S. and Canada this fall.
On May 12, U.S. consumer goods giant Church & Dwight announced it had signed a definitive agreement to acquire Touchland, a rapidly growing brand in the hand sanitizer market.
On May 6, U.S. beauty giant Coty Inc. announced its financial results for the third quarter of fiscal year 2025 (January to March 2025).
French luxury house Chanel has closed its beauty concept store, Atelier Beauté Chanel, located on Wooster Street in New York’s SoHo district.
