LOréal – Page 4 – Beautifaire

19 Oct

Fresh From L’Oréal Funding, Debut Desires to Tackle Fragrance

Having closed a complete of $40 million in its series B funding led by Daring, L’Oréal’s enterprise capital fund, biotech firm Debut desires to make the fragrance industry more sustainable. “Having successfully scaled biotechnology with 100% success in skincare and leading that category, we are actually addressing the urgent challenges facing the fragrance industry,” said Debut founder and chief executive officer Joshua Britton. By developing bio-identical and novel fragrance molecules, San Diego-based Debut believes it would enable fragrance brands to transition to bio-based formulas, while protecting the olfactive integrity of the formulas. That’s because Debut’s biotechnology can replicate the olfactive signature and precise characteristics of natural ingredients, including those which can be structurally complex, difficult to source and only exist in trace amounts...

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29 Sep

L’Oréal Inaugurates Le Visionnaire, A Creative Worker Hub in

by Beautifaire101

Beauty, Featured

L’Oréal Inaugurates Le Visionnaire, A Creative Worker Hub in

PARIS – L’Oréal has created an enormous multisensorial space, called Le Visionnaire – Espace François Dalle, where its employees from world wide can delve into the group’s heritage and culture, and innovate, inside the company’s historic headquarters at 14 Rue Royale in Paris. On Thursday evening, the French beauty giant officially inaugurated the renovated constructing, which artfully mixes 18th-century and ultra-modern elements. Speeches there have been given by Françoise Bettencourt Meyers, granddaughter of L’Oréal’s founder, whose family is the group’s largest individual shareholder; Jean-Paul Agon, chairman of L’Oréal; Nicolas Hieronimus, chief executive officer of L’Oréal, and Bruno Le Maire, France’s minister of economy and finance. Christine Lagarde, president of the European Central Bank, was among the many attendees at Le Visionnaire’s opening, together...

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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...

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15 Sep

L’Oréal Launches Climate Emergency Fund – WWD

by Beautifaire101

Beauty, Featured

L’Oréal Launches Climate Emergency Fund – WWD

PARIS – L’Oréal Group has launched a 15-million-euro endowment fund focused on communities facing the most important disaster risks. “We have now noticed, like everybody, within the last years an increasing number of climate change-related disasters,” Alexandra Palt, chief corporate responsibility officer at L’Oréal Group and chief executive officer of the Fondation L’Oréal, told WWD. “We all know that it should develop into much more frequent [and severe] in the subsequent years.” She was speaking just after the devastating earthquake in Morocco and flooding in Derna, Libya, took place, claiming hundreds of lives. Estimates show that disasters driven by climate have increased five-fold over the past 50 years and represent 50 percent of all natural catastrophes. As much as 3 billion people live...

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