The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The beauty giant is backing the five-year-old Swiss company, which develops technology aimed at saving water and energy, it announced in a statement. The investment was made through its corporate venture capital fund, Business Opportunities for L’Oréal Development (BOLD).
The two businesses have worked together since 2015 to optimise shampoo rinsing technologies. In 2018, L’Oréal and Gjosa launched a water-saving shower head and earlier this year, they unveiled a sustainable salon hair care system that can also be used at home.
”By combining Gjosa’s unique water-tech innovations with L’Oréal’s knowledge of beauty rituals, data, tech, and personalisation, we will invent together new augmented beauty experiences for our consumers while protecting the coveted and precious resource that is water”, Barbara Lavernos, L’Oréal Group’s chief research, innovation and technology officer, said in a statement.
TikTok-favourite beauty brand, E.l.f. is partnering with teen retailer American Eagle to create a line of clothing-inspired cosmetics.
The art of making perfume has changed thanks to a number of new technologies from lab-grown ingredients to artificial intelligence.
With new players like Shark and Dyson making blow dryers and stylers, the hair tools segment is in the midst of an innovation push the likes of which it hasn’t seen in decades.
Sephora’s Jean-André Rougeot, Nykaa’s Falguni Nayar, Isamaya Ffrench, Byredo’s Ben Gorham, Unilever Prestige’s Vasiliki Petrou, Monique Rodriguez of Mielle Organics, Glossier’s Kyle Leahy, and Jane Lauder will join BoF in Napa Valley from May 30 - June 1, 2023.