L’Oréal Acquires Danish Probiotic and Microbiome Research Company –

4 Dec

PARIS — L’Oréal is increase its microbiome research know-how with the acquisition of Lactobio, a Danish probiotic and microbiome research company. Financial terms of the deal weren't disclosed. “The strategic acquisition builds on 20 years of research by L’Oréal into the microbiome scientific territory, deepening its knowledge of the microorganisms that continue to exist the skin’s surface and reinforcing the group’s leadership on this field,” L’Oréal said in an announcement Monday. “This acquisition also opens up latest opportunities, including leveraging Lactobio’s micrcobiome expertise and significant IP portfolio to develop effective latest cosmetics solutions, including live bacteria.” Søren Kjærulff and Charlotte Vedel founded Lactobio in 2017 in Copenhagen. They created a proprietary microbiome discovery platform and screening method to decide on essentially the most...

0 Comments

19 Nov

Alternative Payment Company Catch Hosts Cocktail Party

by Beautifaire101

Beauty, Featured

Alternative Payment Company Catch Hosts Cocktail Party

On the Golden Swan within the West Village on Nov. 15, fintech startup payment company Catch hosted executives from across the sweetness and retail industries. Courtney Armstrong, vice chairman of luxury e-commerce at L’Oréal; Jen Kasper, senior vice chairman of media of the Americas at LVMH; Zina Zegans, executive vice chairman and chief brand officer at Nicole Miller; Chris Peña, global vice chairman of consumer technology at PVH Corp.; Wendell Brown, senior director of styling at Ralph Lauren; Samantha Yeager, director of retail supply chain at SoulCycle, and Cara Brophy, executive producer at TikTok, joined the corporate for cocktails and lightweight bites. With slightly below 100 brand partners, Catch is growing quickly. Differentiating itself throughout the fintech space, the U.S....

0 Comments

9 Nov

Why Milk Makeup Parent Company Faces Nasdaq Delisting –

by Beautifaire101

Beauty, Featured

Why Milk Makeup Parent Company Faces Nasdaq Delisting –

When Waldencast went public in 2021, its founders shrugged off mounting fears that a recession was on the horizon, stressing that they were confident that the corporate would turn into a world best-in-class beauty and wellness player. What they perhaps didn’t bear in mind was how much of a stickler Nasdaq execs are about filing company reports on time. Earlier this week, Waldencast, which has just two brands on its roster — Milk Makeup and Obagi Skincare — revealed that it was at risk of being delisted from the Nasdaq, after joining in summer 2022 through a special purpose acquisition company (also known as a SPAC). The corporate received a written notice from Nasdaq indicating that it was subject to delisting resulting from...

0 Comments

22 Sep

L’Oréal to Make Investment in Chinese Biotech Company –

by Beautifaire101

Beauty, Featured

L’Oréal to Make Investment in Chinese Biotech Company –

PARIS – L’Oréal has agreed to take a minority stake in Shinehigh Innovation, a Chinese innovation-led biotech company specializing in supramolecular chemistry. This marks the primary open innovation investment the wonder giant has made through Shanghai Meicifang Investment Co. Ltd., L’Oréal China’s investment company, with support from Business Opportunities for L’Oréal Development, or BOLD, which is the group’s strategic innovation enterprise capital fund. It's also the primary investment from L’Oréal’s Big Bang Tech Innovation Challenge, which the corporate launched 4 years ago in China. Scientist Jiaheng Zhang founded Shinehigh Innovation in China in 2017. “Its breakthrough smart self-assembling technology allows previously inconceivable ingredient mixtures, leading to end-products with greater efficacy and sustainability,” L’Oréal said in a press release released Friday. “The partnership will enable L’Oréal...

0 Comments