India's Competition Commission has approved L'Oréal India's acquisition of Innovist, the digital-first personal care company behind the Bare Anatomy and Chemist at Play brands, clearing the way for a deal the French beauty and cosmetics group first announced earlier this year. The commission's order approves L'Oréal India's purchase of 100%...
L’Oréal Expands in India’s Booming Beauty Market
Founded in 1907 by chemist Eugène Schueller, L’Oréal is headquartered in Clichy, France. It is the world’s largest cosmetics company, with a portfolio that includes NYX, Urban Decay, Dr.G, and Ushuaïa. Indian Market Entry: L’Oréal announced plans to acquire a majority stake in Innovist, a Gurgaon-based beauty and personal care...
India’Personal Care Market is Booming
India's beauty and personal care market is experiencing unprecedented growth, projected to reach $34 billion by 2028 from its current $20 billion valuation, meaning an annual 11% growth rate. This significantly outpaces other major markets such as China (5%), the U.S. (4%), Japan (3%), and South Korea (3%). Three key...
L’Oreal Seeks to Acquire Indian Cosmetic Companies
Worldwide cosmetic retailer, L’Oreal, is seeking to expand its current product offerings by acquiring Indian-based cosmetic and skincare companies. India’s beauty and skincare market has seen tremendous growth over the past five years. Over the next four years, India’s skincare product market is expected to grow at a rate of 10.4%...
L’Oreal to Increase Herbal Brands in India
French beauty products maker L'Oreal is contemplating strengthening its herbal portfolio in India. Speaking to Business Standard, Jean-Christophe Letellier, Managing Director, L'Oreal India, said, “We do have what we call 'Champions of Nature' in our portfolio. So, organic products under Body Shop or the Kiehl's range of high-end products are...
L'Oreal India Takes Top Stars to Cannes Film Festival
Bollywood actresses Sonam Kapoor and Aishwarya Rai Bachchan, brand ambassadors of L’Oréal Paris, will represent the company at the upcoming 69th Cannes International Film Festival, scheduled to take place from May 11 till May 22, reports The Indian Express. For the past 19 years, L’Oréal Paris has been a sponsor...