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L'Oréal

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L'Oréal Company Research Report



Company Overview



  • Name: L'Oréal Groupe

  • Mission: Offering all women and men worldwide the best of cosmetics innovation in terms of quality, efficacy, and safety.

  • Founded: L’Oréal was founded over 115 years ago.

  • Founder: No specific information on the founder.

  • Key People: Jean-Paul Agon (Chairman of the Board of Directors), Nicolas Hieronimus (Chief Executive Officer).

  • Headquarters: Clichy, France.

  • Number of Employees: More than 90,000 worldwide.

  • Revenue: Generated sales amounting to 41.18 billion euros in 2023.

  • Known For: L’Oréal is known as the world's leading beauty player with a broad portfolio of 37 international brands and a commitment to social and environmental sustainability.


Products



  • Product Offerings: L'Oréal's product lines encompass skincare, makeup, haircare, hair color, fragrances, and hygiene.

  • L'Oréal Luxe Division: Known for crafting luxury beauty through iconic brands, disruptive innovations, and memorable experiences.

  • Consumer Products Division: Aims to democratize sustainable beauty with brands like L’Oréal Paris, Maybelline New York, Garnier, and NYX Professional Make Up. Products include skincare, makeup, haircare, and hair color.

  • Professional Products Division: Offers professional beauty to all by leveraging hairstylists' expertise to create exceptional beauty experiences.

  • Dermatological Beauty Division: Provides life-changing and sustainable dermatological solutions through internationally recognized skincare brands.


Recent Developments



  • Innovations in Beauty Tech: L'Oréal has made significant strides in beauty tech, launching products like HAPTA, 3D shu:brow, and furthering AI and digital capabilities for enhanced personalization.


  • New Product Launch: Unveiled 'Airlight Pro,' a professional-grade hair drying tool showcasing advanced eco-friendly features at CES® 2024.


  • New Partnerships:

  • Partnered with biotech innovator Abolis Biotechnologies and Evonik to develop innovative bio-based ingredients.


  • Sustainability Initiatives:

  • Launched programs like the ‘L’Oréal for the Future,’ aiming for 95% bio-based ingredients in formulations by 2030.

  • Committed to reducing plastic and transitioning to more sustainable business models.


  • Diversity and Inclusion: L’Oréal ranked number 5 worldwide and number 1 French company in the FTSE diversity & inclusion index 2024, and achieved a top score in the Disability Equality Index.


  • Employee Engagement: Launched the fourth Employee Share Ownership Plan.


No specific information on new features added to existing products or more partnerships found.



The information provided above demonstrates L'Oréal's commitment to leadership in beauty innovation, sustainability, and diversity, alongside offering a diversified portfolio across its divisions.