×
2 939
Fashion Jobs
ESTEE LAUDER
Tom Ford Beauty - National Sales & Education Director
Permanent · Londres
ESTEE LAUDER
Clinique - Area Sales & Education Manager
Permanent · Londres
BOOHOO GROUP
Production Manager
Permanent · LEICESTER
DOROTHY PERKINS
CRM Manager
Permanent · LONDON
MULBERRY
Marketing Director
Permanent · LONDON
HARRODS
IT Business Analyst (Supply Chain)
Permanent · LONDON
HEAD OFFICE
Senior Digital Marketing Executive – Ppc, Financial Services
Permanent · LONDON
HEAD OFFICE
Senior Digital Marketing Executive – Programmatic, Financial Services
Permanent · LONDON
HEAD OFFICE
Senior Project Manager
Permanent · LONDON
HEAD OFFICE
SEO Copywriter
Permanent · LONDON
HEAD OFFICE
SEO Manager – Financial Services
Permanent · LONDON
SELFRIDGES
Sales Manager - Kids, Toys And Home
Permanent · BIRMINGHAM
URBN
Free People Assistant Visual Manager - Kings Road, London
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · KINGSTON UPON THAMES
WAITROSE
Security Partner
Permanent · COULSDON
URBN
Anthroplogie Visual Manager - Regent st, London
Permanent · LONDON
360 TALENT LONDON
Recruitment Consultant - Fashion Head Office
Permanent · LONDON
SHISEIDO
Nars Assistant Business Manager - Selfridges Exchange Sqaure (37.5 Hours)
Permanent · Manchester
LEVI'S
Ecommerce Project Manager
Permanent · London
VIVIENNE WESTWOOD
Legal Counsel
Permanent · LONDON
VIVIENNE WESTWOOD
E-Commerce Studio Operations Manager
Permanent ·
BOOHOO GROUP
Warehouse Operative
Permanent · BURNLEY
Ads
Translated by
Isabelle Crossley
Published
Dec 2, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L’Oréal strengthens professional skincare segment by investing in Functionalab

Translated by
Isabelle Crossley
Published
Dec 2, 2019

By acquiring a minority stake in the Canadian group Functionalab, the global beauty giant L’Oréal has strengthened its position in the professional skincare market. L’Oréal entered the segment in 2005 with its acquisition of the US professional skincare business SkinCeuticals which is part of the group’s Active Cosmetics division which also includes CeraVe and Vichy.


Dermapure in Canada, part of Functionalab - L'Oréal


Functionalab is recognised as a leader amongst Canadian aesthetic medicine clinics and runs the brands Dermapure and Project Skin MD, which specialise in professional skincare. With a network of 15 aesthetic medicine clinics in Canada, the business offers a full range of non-invasive skin rejuvenation treatments including laser, injections, and cryolipolysis treatments across its Dermapure and Project Skin MD clinics. 

“Aesthetic procedures are increasingly integrated into the consumer’s beauty routines,” said Brigitte Liberman, L’Oréal’s President Active, Cosmetics Division. “With this investment, we will be able to better understand their expectations in regard to procedures, aesthetic gestures, and offer them tailor-made beauty routines. This is also a great opportunity for the SkinCeuticals brand to establish a strong partnership with a Canadian leader of aesthetic medicine clinics.” The business will expand SkinCeuticals’ distribution to all Dermapure clinics.

This minority stake investment in Functionalab was made though BOLD Business Opportunities for L’Oréal Development, a corporate venture capital fund created by L’Oréal in December 2018 to facilitate minority stake acquisitions in innovative start-ups in the beauty sector. In October, L’Oréal invested in global early growth venture capital fund Cathay Innovation through BOLD as it plans to invest in cosmetics start-ups in China.

With beauty tech, green beauty, dermo-cosmetics, and perfumes, the business is expanding on all fronts. L'Oréal is continuing to invest across all sectors of the cosmetics industry.

In the third quarter of its financial year, L'Oréal saw sales grow by 11% to reach a turnover of €7.183 billion. 

Copyright © 2022 FashionNetwork.com All rights reserved.