L'Oréal Groupe: L’Oréal and Verily announce first-of-its-kind strategic partnership to advance precision skin health
L'Oréal, the world leader in beauty, and Verily, an Alphabet precision health company, announced today a strategic partnership, exclusive in beauty, to advance skin health. The first-of-its-kind partnership in the beauty industry is expected to entail two programs aimed to better understand and characterize skin and hair aging mechanisms and to inform L’Oréal’s precision beauty tech strategy and product development.
L'Oréal Groupe: L’Oréal and Verily announce first-of-its-kind strategic partnership to advance precision skin health
L'Oréal, the world leader in beauty, and Verily, an Alphabet precision health company, announced today a strategic partnership, exclusive in beauty, to advance skin health. The first-of-its-kind partnership in the beauty industry is expected to entail two programs aimed to better understand and characterize skin and hair aging mechanisms and to inform L’Oréal’s precision beauty tech strategy and product development.
L'Oréal Groupe : L'Oréal unveils latest beauty tech innovations ahead of CES 2022
L'Oréal unveils latest beauty tech innovations ahead of CES 2022: reinventing haircoloration with two user-design breakthrough innovations dedicated to transform the experience both at home for consumers and in hair salons for professionals coloright and colorsonic, a 2022 CES innovation awards honoree, reinvent consumer haircoloring experience through user-design breakthroughs at home and in the salon.
L’Oréal recognized by S&P for outstanding sustainability performance
L’Oréal today was recognized by S&P for its outstanding sustainability performance, receiving a strong Environmental, Social, Governance (ESG) rating evaluation of 85 out of 100 points, one of the highest globally. The award consists of a Sustainability performance score 77 out of 100, combined with a strong Preparedness Score (+8).
L’Oréal signs an agreement to acquire Youth to the People, a California-based skincare brand inspired by superfood extracts
L’Oréal signs an agreement to acquire Youth to the People, an American skincare company based in California.
Youth to the People was founded in Los Angeles in 2015 by two cousins, Greg Gonzalez and Joe Cloyes. The brand is inspired by their grandmother, Eva, who started a professional skincare line 40 years ago, utilizing plant extracts and innovative active ingredients. The brand’s growth has been supported by its investors, Sandbridge Capital, Strand Equity and Carisa Janes.
AGREEMENT BETWEEN L’ORÉAL AND NESTLÉ FOR THE REPURCHASE BY L’ORÉAL OF 4% OF ITS OWN SHARES HELD BY NESTLÉ
L’Oréal’s Board of Directors meeting on December 7, 2021 unanimously approved a strategic transaction consisting of the repurchase by L’Oréal, as part of its share buyback program, of 22.26 million of its own shares - representing 4.0% of its capital - from Nestlé. The Board members related to Nestlé and to the Bettencourt Meyers family did not participate in the votes.
Strategic transaction approved by L’Oréal’s Board of Directors. Agreement between L’Oréal and Nestlé for the repurchase by L’Oréal of 4% of its own shares held by Nestlé.
Strategic transaction approved by L’Oréal’s Board of Directors. Agreement between L’Oréal and Nestlé for the repurchase by L’Oréal of 4% of its own shares held by Nestlé.
