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 cosmetics giant’s new Los Angeles area HQ will gather teams from its California-based brands — NYX, Urban Decay and Pulp Riot — on one campus, and host the first-ever West Coast L’Oréal Professional Products Academy which will be a gathering place for the professional beauty community as well as an education hub.
The news comes as companies across the globe debate the role of the office today. L’Oréal’s “campus,” which will open in 2022, is designed for employees to embrace a hybrid work model post-pandemic. In August of last year, L’Oréal announced that its employees will be able to continue working remotely two days a week if they choose.
L’Oréal USA’s expansion into California has been part of a decade-long effort to further its presence in the strategic market. The company’s first headquarters is located in the Hudson Yards neighbourhood of Manhattan.
Shining light on the $12.3 billion SPF boom.
News of a potential exit has the beauty industry in shock and awe of the Selena Gomez-founded label, and wondering what its next move should be.
L'Oréal reported a 9.4 percent rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets; the United States and China.
The founder, who was ousted and recently came back to the line as CEO, will regain control of the company.