The French beauty giant’s two latest deals are part of a wider M&A push by global players to capture a larger slice of the China market, targeting buzzy high-end brands that offer products with distinctive Chinese elements.
At a Paris event showcasing fragrance innovation, L’Oréal Luxe’s president Cyril Chapuy spoke to BoF about how the group’s licensing strategy helped it surpass rivals to become the world’s number-one luxury beauty group last year.
L'Oréal is preparing to launch the first haute parfumerie range for Roman fashion house Valentino, the beauty conglomerate revealed to press and buyers at an event in Paris Tuesday.
Speed, innovation, hero brands and young shoppers prove to be top levers in this week earnings.
In its full-year results announced Thursday, the French conglomerate reported its third consecutive year of double-digit growth, with sales reaching 41 billion euros ($44 billion).