L’ORÉAL ANNOUNCES ITS INVESTMENT IN “SHINEHIGH INNOVATION”
Clichy, 22 September 2023 – L’Oréal announces an agreement to make a minority investment in SHINEHIGH INNOVATION, an innovation-led biotech company in China, to establish a long-term partnership for the co-development of novel and sustainable beauty solutions. This is L’Oréal’s first open innovation investment in China through Shanghai Meicifang Investment Co., Ltd (Meicifang), with the support from BOLD (Business Opportunities for L’Oréal Development), L'Oréal Groupe’s strategic innovation venture capital fund company. It is also the first investment from L’Oréal’s well-known BIG BANG Beauty Tech Innovation Challenge initiated four years ago in China, proving the successful achievement in China’s open innovation ecosystem
L’ORÉAL GROUPE JOINS ORIENT EXPRESS AS OFFICIAL SPONSOR OF THE FRENCH CHALLENGER FOR THE 37TH AMERICA’S CUP AND THE YOUTH AND WOMEN’S AMERICA’S CUP TEAMS
Clichy, 18th September 2023 – L’Oréal Groupe today announces its official sponsorship of Orient Express Racing Team, the French Challenger for the 37th America’s Cup sailing competition. L’Oréal Groupe and Orient Express also join forces as named sponsors of the French Women and Youth America’s Cup teams, in the first-ever America’s Cup to include an all-female racing category.
L’ORÉAL CELEBRATES 10 YEARS OF ITS ‘SHARE & CARE’ SOCIAL INNOVATION AND EMPLOYEE BENEFITS PROGRAM
Clichy, 16 November 2023 – L’Oréal today recognized the ten-year anniversary of Share & Care, the social innovation and employee benefits program launched in 2013 that today serves the Groupe’s employees around the world.
Clichy, 14th September 2023 - L’Oréal today announces a number of important moves within the Groupe’s Executive Committee due to take place in Q1 2024, in addition to the creation of the new role of Deputy CEO in Charge of Divisions - L’Oréal China.
Clichy, 15th September 2023 – L’Oréal announced a new EUR15 million endowment fund to support vulnerable communities to develop greater resilience in the face of climate disasters. The L’Oréal Climate Emergency Fund will support communities in the most exposed areas by enabling expert partner organizations to help them prepare for and recover from climate disasters.
Clichy, 30th August 2023 – L’Oréal today announced that it has completed the acquisition of distinctive luxury beauty brand, Aesop, in accordance with the terms announced on 3rd April 2023.
L’Oréal today announced that it ranks 370th in Fortune magazine’s Global 500 list of the world’s largest companies by revenue for the year 2023. The Fortune Global 500 is an annual ranking of the 500 largest corporations based on total sales for the previous fiscal year.
