L’Oréal Financial News

NEW DELHI : French beauty products giant L’Oréal plans to double its India business over three to five years, growing at twice the pace of the local personal care market, expecting higher disposable incomes to spur demand for hair colours, skin care creams and fragrances. L’Oréal, which entered India in 1994, sells a range of beauty, personal care and coloured cosmetic products under brands such as Garnier, Maybelline New York, L’Oréal Paris and Kiehl’s. Garnier, its mass market brand for hair colours, shampoos and skin care products, is the company’s largest brand in the country.

NEW DELHI : The popularity of e-commerce and social media in India has played a major role in stimulating demand for beauty products over the past decade, Alexis Perakis-Valat, president of the consumer products division at L’Oréal, said in an interview. This is helping the world’s largest beauty company attract more shoppers. Valat, who was in India last week, oversees a portfolio of brands for the French beauty company, including Garnier, L’Oréal Paris, Maybelline, Nyx, Essie, and Mixa.

Private equity firm Advent International is nearing a deal to acquire Zimmermann in a transaction valuing the Australian fashion brand at about $1 billion ($1.5 billion), people familiar with the matter said.

studies indicate that sebum content is higher in men owing to the physiological and biophysical differences in the skin of male and female skin. Excessive sebum production in the scalp could not only cause greasier hair but also indicate higher chances of facing scalp concerns like dandruff and itchiness. In fact, concerns like dandruff, itchiness, hair thinning, and sensitivity are some of the most universal problems faced by approximately 67% of people worldwide . This explains why not just men but everyone else too needs to have a dedicated scalp-care routine for a healthier scalp and hair.Scalp care, an important ritual of self-care The good news is people have now finally started realising how important scalp care is. As per a recent report , the focus of conversations during and post the pandemic has expanded beyond topics like colour and styling to now encompass the overall well-being of hair and, mainly, scalp health. Recognising the transformative effects of a healthy scalp on our overall well-being, L’Oréal Professionnel has launched its Scalp Advanced range. Developed with the expertise of hair pros and dermatologists, this innovative range offers targeted solutions for dryness, sensitivity, hair thinning, and oiliness. The scalp care range is gender-neutral and can very well be used by men to take care of their scalp health on a day-to-day basis.Here are some of the most popular solutions from the Scalp Advanced range to address your scalp concerns right in the comfort of your home:

The year 2023 marks an important and significant milestone for Indo-French relations as both countries celebrate the 25th anniversary of their strategic partnership, which was signed in 1998. Indian Prime Minister Narendra Modi will visit France on 14 July, where he will be the Guest of Honour at the Bastille Day parade. France rarely invites a partner country on Bastille Day, making this visit particularly exceptional.

Web3 is gaining momentum as an innovative wave for many businesses, brands, and individuals. This wave has increased the adoption of the Metaverse through different applications and virtual possibilities.

Skincare company Obagi and makeup brand Milk Makeup are merging with Waldencast Acquisition Corp. , a special-purpose acquisition company founded by two former L’Oréal executives in a deal that values the combined business at roughly $1.2bn.