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French cosmetics giant, L’Oréal, has announced its minority stake acquisition in Chinese skincare brand, Lan, signifying its second investment in China within recent months. This investment comes at a time when local brands in China are experiencing…
In a significant maneuver towards streamlining its operations, luxury conglomerate Kering has divested its beauty division to L’Oreal. The deal, valued at US$4.6 billion (EU$4 billion), is part of Kering’s broader strategy to concentrate on its essential…
The fashion world is in mourning following the death of Giorgio Armani, who passed away on September 4 at the age of 91, leaving behind an empire that industry analysts value between 5 billion and 12 billion euros (approximately US$5.9 billion to US$14…
As the retail landscape in Asia rapidly evolves, global brands are increasingly eyeing the region for their strategic expansion plans. A striking example is the decision by major cosmetics player L’Oréal to significantly ramp up its investment in local…
Rodrigo Pizarro has been announced as the new Chief Executive Officer for L’Oreal Korea, effective immediately. Pizarro brings an impressive 30-year experience from within the L’Oreal organization to the role. Three Decades of L’Oreal Experience Pizarro’s…
French cosmetics giant L’Oreal said on Monday it had agreed to buy Gowoonsesang Cosmetics, which includes South Korean skincare brand Dr.G., from Swiss retailer Migros. The Korean beauty market is dominated by local brands known for being among the world’s…
L’Oreal’s Big Bang Beauty Tech Innovation Program (Big Bang) has expanded across its North Asia markets, including a recent launch in Hong Kong and Taiwan. Launched in Mainland China in 2020, the program aims to drive growth in the beauty industry through key…
Cosmetics giant L’Oreal has named Adrien Koskas as GM for the consumer products division (CPD) of its South Asia-Pacific, Middle East and North Africa regions (SAPMENA). Koskas will report directly to Vismay Sharma, president of SAPMENA, based in Singapore,…
Alex Davison has been appointed the new CEO of L’Oreal Group ANZ, succeeding Rodrigo Pizarro. Davison has served as the CEO of L’Oreal Greece for the past three years. According to the group, Greece has continuously been among the fastest-growing markets in…
L’Oréal has debuted a motorised, handheld device that allows people with limited hand and arm mobility to apply make-up steadily. The slender new product uses motion sensors and magnetic attachments that enable make-up application in 360-degree rotations and…
Travellers can experience professional consultation services for skincare, make-up, and haircare, along with personalised treatments at professional skincare cabins by Lancôme, Helena Rubinstein, SkinCeuticals and Armani Beauty. An array of tech-enabled…
L’Oreal Korea announced Monday that it appointed Samuel du Retail as the new chief of its Korea operation.The new CEO has worked at the France-headquartered global cosmetics company since 1996. Over the past 26 years at the firm, du Retail has assumed various…
L’Oreal has added American vegan skincare brand, Youth to the People, to its portfolio of skincare brands. Founded in 2015 by two cousins, Greg Gonzalez and Joe Cloyes, the brand is known for formulas that combine premium vegan blends of superfood extracts…
Nestle SA said on Tuesday it would cut its stake in L’Oreal to about 20% by selling shares worth 8.9 billion euros ($10 billion) back to the French cosmetics brand, moving to reduce the weight of the beauty giant on its books for the first time in 7 years.…
Beauty giant L’Oréal, besides posting financial results that beat expectations, is offering high-level optimism, promising a resurgence in sales and a new “Roaring ’20s.” “Like a flower after winter, beauty is ready to blossom after COVID goes away,” says…
English actress Gemma Chan (陳靜) has been announced as L’Oréal Paris’s newest spokeswoman. Already a familiar face to many readers, from an extensive résumé dating back to the mid-2000s—Doctor Who, Sherlock, Secret Diary of a Call Girl, and Humans among her TV…
