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Stephanie Kramer has climbed the ranks from Chanel to L’Oréal’s corner office. On paper, it reads like the kind of glossy, fashion-world ascent most twenty-somethings dream about. But it all started with coffee runs, copy-making, and turning up earlier than everyone else. And she says that saying yes to those tiny, unglamorous tasks—especially the ones … Read more
Kering SA agreed to sell its beauty division to L’Oreal SA as part of a long-term strategic alliance, with Chief Executive Luca de Meo seeking to turn around the French luxury giant’s fortunes. The owner of fashion brands including Gucci said the deal aims to accelerate growth, according to a statement issued by both companies … Read more
If you bring up innovation at the dinner table, the conversation will likely turn to tech: AI, iPhones, electric vehicles, digital things pioneered in Silicon Valley or Eastern China. Yet tech companies hardly have a monopoly on new ideas, and the success of Europe’s most dynamic businesses suggests the continent can still compete in the … Read more
A decade ago, while L’Oréal stood as the clear global leader in beauty, a new set of independent brands was beginning to gain traction. Despite their at first comparatively microscopic scale, digital natives Glossier and e.l.f. Beauty, celebrity challengers such as Fenty (Rihanna) and Kylie Cosmetics (Kylie Jenner), and the jostling ranks of Korean beauty … Read more
For more than a decade, China’s aspirational shoppers, spurred by a fast-growing economy and rising wages, snapped up products from cosmetics giants like L’Oreal, Estee Lauder, and Shiseido. Before the COVID pandemic hit, China appeared set to overtake the U.S. as the world’s largest makeup market. Those boom times are over, as more Chinese consumers … Read more
L’Oreal has built up inventory for several labels in the U.S. in response to the threat of tariffs, and could relocate some production to the country, Nicolas Hieronimus chief executive officer of L’Oreal SA said. Benjamin Girette/Bloomberg via Getty Images
A group of beauty companies, including industry leader L’Oréal, hope the European Union will exclude American cosmetic goods when it rolls out extensive tariffs next month. L’Oréal, the Paris-based company that owns brands like Lancôme, Maybelline, and Cera Ve, has a large presence in the U.S.—the North American region took in €11.8 billion in sales … Read more
L’Oreal could avoid the worst of the tariff war with the U.S., the beauty giant’s CEO Nicolas Hieronimus, told CNBC, warning that the price impact could still hit consumers Hieronimus said he is “not overly concerned” over the impact of White House tariffs on L’Oreal, as the group produces most of its goods sold in … Read more
“Today, we see the U.S. as a land of opportunity,” said L’Oréal CEO Nicolas Hieronimus. Read More
L’Oreal global flagship store is seen on Nanjing Road on May 8, 2021 in Shanghai, China. Vcg | Visual China Group | Getty Images The world’s largest beauty group L’Oreal said Friday that it plans to become less dependent on the Chinese consumer for growth, instead targeting burgeoning opportunities in the U.S. market. “We see … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4