French Tag

PARIS — L’Oréal is expanding its reach into the green sciences by taking a minority stake in Microphyt, a French biotech company, to develop recent cosmetic solutions. The investment was made through Business Opportunities for L’Oréal Development, or BOLD, the group’s enterprise capital fund. L’Oréal and Microphyt are starting to work together on progressive lively ingredients to open recent beauty territories, based on Anne Colonna, head of advanced research at L’Oréal. “We're going to put all of the progressive power of Microphyt, including the actives they have already got, with all the ability of L’Oréal to judge each the efficacy and the security, and to formulate,” she said. “We actually need to synergize to go one step further.” One other goal with the partnership...