On June 18, French beauty giant L’Oréal announced that it has signed an agreement to acquire a majority stake in Innovist, an Indian personal care company.
Tag: Loreal
Italian luxury house Giorgio Armani is reportedly exploring a plan to divide a future minority stake sale equally among LVMH, L’Oréal, and EssilorLuxottica following the death of founder Giorgio Armani.
On March 31, L’Oréal announced the completion of its acquisition of Kering Beauté as part of its strategic alliance with Kering.
On March 17, French beauty company L’Oréal announced the expansion of its AI partnership with U.S.-based semiconductor leader NVIDIA. The initiative aims to fundamentally redefine beauty and skincare development through AI-driven computational chemistry.
On October 19, Kering and L’Oréal announced a long-term strategic partnership in the fields of luxury beauty and wellness.
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.
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 April 17, L’Oréal announced its financial results for the first quarter of fiscal year 2025. The company reported sales of €11.73 billion, marking a 4.4% increase year-over-year and a like-for-like growth of 3.5%, excluding currency and structural effects.
On February 7, L’Oréal Groupe announced the signing of a long-term and exclusive beauty partnership with Jacquemus, a fashion brand originating from southern France.
The Challenges Faced by the Luxury Industry in 2024: LVMH, L’Oréal, and Kering Suffer Massive Losses
In 2024, the leading figures of France’s luxury industry encountered unprecedented challenges.