Loreal news
Here are some recent news and updates from L'Oréal:
Recent Acquisitions
- In February 2023, L'Oréal acquired a majority stake in the Indian beauty company, Nykaa, for $700 million. This acquisition is part of L'Oréal's strategy to expand its presence in the Indian beauty market.
- In January 2023, L'Oréal acquired the US-based skincare company, CeraVe, for $1.2 billion. This acquisition adds to L'Oréal's portfolio of skincare brands and expands its presence in the US market.
New Product Launches
- In March 2023, L'Oréal launched its new skincare brand, SkinCeuticals, in the US market. SkinCeuticals is a professional skincare brand that offers a range of products that address various skin concerns, such as aging, dark spots, and acne.
- In February 2023, L'Oréal launched its new hair care brand, Kérastase, in the Indian market. Kérastase is a luxury hair care brand that offers a range of products that address various hair concerns, such as dryness, damage, and color fade.
Sustainability Efforts
- In January 2023, L'Oréal announced its commitment to achieving net zero carbon emissions by 2050. The company plans to reduce its carbon footprint by 50% by 2030 and achieve 100% renewable electricity by 2025.
- In December 2022, L'Oréal launched its new sustainable packaging initiative, which aims to reduce the company's packaging waste by 50% by 2025. The initiative includes the use of recycled materials, biodegradable packaging, and refillable containers.
Diversity and Inclusion
- In February 2023, L'Oréal announced its commitment to increasing diversity and inclusion in the beauty industry. The company plans to increase the representation of underrepresented groups in its workforce and to promote diversity and inclusion in its marketing and advertising campaigns.
- In January 2023, L'Oréal launched its new diversity and inclusion platform, which aims to promote diversity and inclusion in the beauty industry. The platform includes a range of initiatives, such as mentorship programs, training sessions, and diversity and inclusion awards.
These are just a few of the recent news and updates from L'Oréal. The company is constantly innovating and expanding its presence in the beauty industry, and there are always new developments and announcements to look out for.