The French cosmetics giant has reinforced its presence in the Asian start-up ecosystem, supporting Chinese innovation in the beauty industry by taking a stake in venture capital fund Cathay Innovation.
Xavier Vey, with L'Oréal since 1998, is the new head of L'Oréal Luxe in western Europe. He has been replaced as head of L'Oréal Luxe in the USA by Megan Grant, formerly in charge of cosmetics brand Kiehl's.
Lancôme has rolled out a new fragrance campaign featuring the Hollywood star Zendaya.The prestige beauty brand has unveiled the campaign for its new perfume, 'Idôle,' fronted by the 22-year-old actress and singer.
President of L'Oréal China, Fabrice Megarbane, who became part of the committee on 1 July, will be joined by Alexandra Palt of the Fondation L'Oréal and Vincent Boinay, general manager for travel retail, on 1 September.
The cosmetics group has announced that Sejal Shah Miller has joined the company as senior vice president and global general manager of Smashbox, while Arnaud Goullin has been appointed to the same role at GlamGlow.
The French cosmetics giant has entered into negotiations with Clarins with a view to acquire the two perfume brands, as well as Mugler’s fashion business, an operation which would reinforce L’Oréal’s luxury division.