LOréal – Page 8 – Beautifaire

14 Apr

How L’Oréal USA’s West Coast Headquarters Helping Acquisitions Grow

Carol Hamilton let loose a yelp of surprise when she learned she would oversee the opening of L’Oréal USA’s first major West Coast office not removed from the Pacific Ocean in Southern California. It was October 2020, and the COVID-19 pandemic had been raging for six months. On the Latest York City restaurant where she was lunching along with her boss, the gang was sparse with only five tables occupied. Her latest task seemed daunting but intriguing. Lead the creation of a 120,000-square-foot space in a dilapidated warehouse in El Segundo, a little bit seaside town just south of Los Angeles International Airport, that might include a 25-acre campus. The challenge was to design a latest office space attractive enough to coax employees...

0 Comments

6 Apr

Why L’Oreal Acquired Aesop – WWD

by Beautifaire101

Beauty, Featured

PARIS — What are L’Oréal’s plans for Aesop, the Australian luxury personal care company that the group just signed an agreement to accumulate, marking its largest M&A move up to now? Cyril Chapuy, president of L’Oréal Luxe, outlined strategy following the deal that was announced late Monday night. As previously reported, the proposed transaction with the vendor, Brazil’s Natura & Co., values Aesop at greater than $2.5 billion. Aesop’s sales in 2022 were $537 million. L’Oréal has expressed confidence that Aesop will within the near future join the Luxe division’s coterie of “billionaire brands,” which also include Lancôme, Yves Saint Laurent, Giorgio Armani Beauty and Kiehl’s. WWD: What drew L’Oréal to Aesop? C.C.: Aesop is a really unique luxury beauty brand, and I’ve been following...

0 Comments

3 Apr

L’Oréal Signs Agreement to Acquire Aesop – WWD

by Beautifaire101

Beauty, Featured

L’Oréal Signs Agreement to Acquire Aesop – WWD

PARIS – L’Oréal has signed an agreement to amass Aesop, the Australian luxury personal care company, from Natura & Co. The proposed transaction values Aesop at an enterprise value of $2.525 billion. Aesop, which relies in Melbourne, Australia, was created in 1987. It creates skin, hair and body care products with plant-based ingredients and sustainable vegan formulas. The brand — with a powerful retail signature, in addition to iconic amber bottles with black-and-white striped labels — is out there in prestige retail, beauty and hospitality venues globally. Aesop operates roughly 400 sales points within the Americas, Europe, Australia, Latest Zealand and Asia. Its first store opened in China in 2022. “Aesop is the epitome of avant-garde beauty, whose products are usually not only made with...

0 Comments

9 Jan

L’Oréal Takes Stake in Korean Temporary Tattoo-Maker – WWD

by Beautifaire101

Beauty, Featured

L’Oréal Takes Stake in Korean Temporary Tattoo-Maker – WWD

PARIS – L’Oréal has taken a minority stake in temporary tattoo-maker Prinker Korea Inc. The world’s largest beauty company said in a press release Monday that the investment into the South Korea-based company was made through the company enterprise fund BOLD Business Opportunities for L’Oréal Development. Financial terms of the deal weren't disclosed. Prinker Korea, which launched in 2015, invented and manufacturers the world’s first digital temporary tattoo device “with a goal to encourage consumers and offer recent tools for self-expression,” in response to L’Oréal. Prinker’s temporary tattoo device is compact and lightweight, enabling the creation of durable yet easy-to-wash-off tattoos in color or black-and-white, at home or in store. On the Prinker app, it’s possible to decide on a tattoo from amongst greater than...

0 Comments