08.01.23
France
www.loreal.com
Sales: $40.1 billion
Key Personnel: Nicolas Hieronimus, chief executive officer; Barbara Lavernos, deputy chief executive officer; Christophe Babule, chief financial officer; Vincent Boinay, president, travel retail; Cyril Chapuy, president, luxe; Myriam Cohen-Welgryn, president, active cosmetics; Vianney Derville, president, Europe Zone; Asmita Dubey, chief digital and marketing officer; David Greenberg, president, North America & chief executive officer, L’Oréal USA; Omar Hajeri, president, professional products; Blanca Juti, chief corporate affairs and engagement officer; Jean-Claude Le Grand, chief human resources officer; Fabrice Megarbane, president, North Asia Zone & chief executive officer, L’Oréal China; Alexandra Palt, chief corporate responsibility officer and CEO of the Foundation L’Oréal; Alexis Perakis-Valat, president, consumer products; Ersi Pirishi, president, Latin America; Frédéric Rozé, chief global growth officer; Vismay Sharma, president, South Asia Pacific, Middle East, North Africa; Antoine Vanlaeys, chief operations officer
Major Products: L’Oréal Luxe—Lancôme Paris, Kiehl’s, Giorgio Armani, Yves Saint Laurent, Biotherm, Helena Rubinstein, Shu Uemura, It Cosmetics, Urban Decay, Ralph Lauren, Mugler, Viktor&Rolf, Valentino, Cacharel, Azzaro, Diesel, Yuesai, Atelier Cologne, Maison Margiela, Prada, Youth to the People; Consumer Products—L’Oréal Paris, Garnier, Maybelline, NYX, Stylenanda, Essie, Dark and Lovely, Mixa, MG, Niely; Dermatological Beauty—La Roche-Posay, Vichy, CeraVe, SkinCeuticals, Skinbetter Science; Professional Products—L’Oréal Professionnel, Kérastase, Redken, Matrix, Pureology
New Products: L’Oréal Luxe—My Way by Giorgio Armani, YSL Rouge Sur Mesure, Viktor&Rolf mini series, Valentino Born In Roma, Mugler Angel Elixir and Prada Luna Rossa Ocean and Paradoxe, Lancôme Ultra-Precise Colored Idôle Liners; Consumer Products—Garnier Solid Shampoo, Skin Genius, Telescopic Lift Mascara by L’Oréal Paris, NYX Bare With Me Blur Tint foundation, Elvive Bond Repair, Revitalift Clinical Vitamin C Serum; Professional— Redken All Soft Mega Curls Shampoo, Conditioner and HydraMelt Leave-In Treatment; Kérastase Hair E-diagnosis, Discover Style My Hair Pro, Kérastase Symbiose anti-dandruff range; Dermatological Beauty—La Roche-Posay Spotscan; Acquisition—Aesop
Comments: Sales soared 18.5%. As a result, L’Oréal is closing in on Unilever for the No. 1 spot in our International Top 30 ranking.
By division, L’Oréal’s Professional Products unit sales rose 18.3% across all geographic zones. Best performances were turned in by China, India and Brazil. Kérastase sales topped €1billion for the first time. Also contributing to the gains were Série Expert via the launch of Metal Detox, as well as Redken’s Shades EQ and Inoa by L’Oréal Professionnel.
Consumer Products’ sales rose 14.6%. Makeup was the division’s fastest growing category. Top new product launches included Superstay Vinyl Ink lipcolor by Maybelline New York, and Bare With Me concealer and Jumbo False Eyelashes by NYX Professional Makeup. In skin care, Garnier was the division’s top growth contributor, with its Vitamin C Brightening Serum a standout success.
L’Oréal Luxe sales rose 18.6% on the strength of a soaring fine fragrance business. Top selling scents included Libre by Yves Saint Laurent, La Vie Est Belle by Lancôme and Acqua di Gio by Armani. L’Oréal noted that the launch of Prada Paradoxe was well received, too. In skin care, the division grew three times faster than the market, led by a “spectacular performance” from Helena Rubinstein, cutting-edge innovations such as Lancôme’s Rénergie H.C.F Triple Serum, and the success of recent acquisitions including the Japanese brand Takami. The division also grew in makeup, thanks to the initiatives of Yves Saint Laurent and Urban Decay.
L’Oréal Active Cosmetics soared 30.6%. The division posted double-digit growth in all regions, with a “remarkable performance” in North America, China, South Asia Pacific, Middle East and North Africa. La Roche-Posay and CeraVe contributed equally to the division’s growth. La Roche-Posay is the division’s biggest brand. Its gains were driven by Cicaplast and Effaclar, as well as the success of the UVMune 400 breakthrough innovation in sun protection. CeraVe continued to expand internationally, achieving spectacular growth in both the United States and the rest of the world. Vichy maintained its strong momentum thanks to Dercos and the Capital Soleil UV franchise in both seasonal and daily sun protection. On the aesthetic front, SkinCeuticals recorded double-digit growth, fueled by the excellent performance of A.G.E Interrupter anti-wrinkle cream. The newly acquired brand Skinbetter Science, integrated into the division in the fourth quarter, showed promising potential, according to L’Oréal.
By region, European sales rose 12.3%; North American sales increased 24.6%; sales in North Asia rose 14.8%; South Asia Pacific, Middle East and North Africa sales rose 28.1%; and Latin America sales increased 34.1%.
The outstanding results continued in the new year. For Q1 2023, L’Oréal’s sales jumped 14.6%. Gains came in every division, led by dermatological beauty and consumer products. By region, L’Oréal said it posted spectacular gains in emerging markets, and strong double-digit growth in every zone except North Asia, which suffered from inventory reductions in China.
In April, L’Oréal agreed to acquire Aesop from Natura. When the $2.5 billion deal closes, the hair and skin care brand will be added to the Luxe Division of brands. L’Oréal plans to expand the brand into China and travel retail.
In May, L’Oréal was proclaimed the “World’s Most Valuable Cosmetics Brand,” by Brand Finance. Specifically, the L’Oréal brand was valued at $12 billion. That’s an increase of 7% from 2022 and put it well ahead of Estée Lauder, the No. 2 brand, which was valued at $7.2 billion. The same month, The Fragrance Foundation inducted CEO Nicolas Hieronimus into its Hall of Fame.
In July, L’Oréal and Verily, an Alphabet precision health tech company, launched My Skin & Hair Journey, a multi-year study that will help researchers better understand the biological, clinical and environmental factors that contribute to skin and hair health over time. The new My Skin & Hair Journey registry will enroll thousands of self-identifying U.S. women to develop a body of knowledge about perceptions and experiences of skin and hair health, including the role of lifestyle, environment, wellness, and personal beauty routines.
The My Skin & Hair Journey longitudinal registry for skin and hair health is enrolling participants in the United States, with the intention to expand internationally. Self-identifying women aged 18-70 from various ethnicities, social backgrounds and with diverse skin and hair attributes are invited to take part by privately sharing their unique skin and hair health journeys through self-reported data and surveys. A subgroup of participants will also be invited to further testing to uncover biomarkers—unique biological signatures—that can lead to early detection or prevention of skin disorders, before they take hold. L’Oréal will leverage insights generated from the registry to develop innovative, precision beauty offerings to support the skin and hair goals of all consumers.
“We are passionate about embarking on this journey with Verily, the worldwide leader in precision health tech. It is the first time a study of this magnitude has been designed for and launched in the beauty industry. Our work will go beyond skin and will cover our research around longevity,” said Barbara Lavernos, deputy CEO in charge of research, innovation and technology at L’Oréal. “This study has the potential to unlock the mysteries of skin and hair health down to the individual level. In the future, it can serve as the cornerstone for developing precision beauty innovations for hair and skin, with a level of personalization never seen before.”
www.loreal.com
Sales: $40.1 billion
Key Personnel: Nicolas Hieronimus, chief executive officer; Barbara Lavernos, deputy chief executive officer; Christophe Babule, chief financial officer; Vincent Boinay, president, travel retail; Cyril Chapuy, president, luxe; Myriam Cohen-Welgryn, president, active cosmetics; Vianney Derville, president, Europe Zone; Asmita Dubey, chief digital and marketing officer; David Greenberg, president, North America & chief executive officer, L’Oréal USA; Omar Hajeri, president, professional products; Blanca Juti, chief corporate affairs and engagement officer; Jean-Claude Le Grand, chief human resources officer; Fabrice Megarbane, president, North Asia Zone & chief executive officer, L’Oréal China; Alexandra Palt, chief corporate responsibility officer and CEO of the Foundation L’Oréal; Alexis Perakis-Valat, president, consumer products; Ersi Pirishi, president, Latin America; Frédéric Rozé, chief global growth officer; Vismay Sharma, president, South Asia Pacific, Middle East, North Africa; Antoine Vanlaeys, chief operations officer
Major Products: L’Oréal Luxe—Lancôme Paris, Kiehl’s, Giorgio Armani, Yves Saint Laurent, Biotherm, Helena Rubinstein, Shu Uemura, It Cosmetics, Urban Decay, Ralph Lauren, Mugler, Viktor&Rolf, Valentino, Cacharel, Azzaro, Diesel, Yuesai, Atelier Cologne, Maison Margiela, Prada, Youth to the People; Consumer Products—L’Oréal Paris, Garnier, Maybelline, NYX, Stylenanda, Essie, Dark and Lovely, Mixa, MG, Niely; Dermatological Beauty—La Roche-Posay, Vichy, CeraVe, SkinCeuticals, Skinbetter Science; Professional Products—L’Oréal Professionnel, Kérastase, Redken, Matrix, Pureology
New Products: L’Oréal Luxe—My Way by Giorgio Armani, YSL Rouge Sur Mesure, Viktor&Rolf mini series, Valentino Born In Roma, Mugler Angel Elixir and Prada Luna Rossa Ocean and Paradoxe, Lancôme Ultra-Precise Colored Idôle Liners; Consumer Products—Garnier Solid Shampoo, Skin Genius, Telescopic Lift Mascara by L’Oréal Paris, NYX Bare With Me Blur Tint foundation, Elvive Bond Repair, Revitalift Clinical Vitamin C Serum; Professional— Redken All Soft Mega Curls Shampoo, Conditioner and HydraMelt Leave-In Treatment; Kérastase Hair E-diagnosis, Discover Style My Hair Pro, Kérastase Symbiose anti-dandruff range; Dermatological Beauty—La Roche-Posay Spotscan; Acquisition—Aesop
Comments: Sales soared 18.5%. As a result, L’Oréal is closing in on Unilever for the No. 1 spot in our International Top 30 ranking.
By division, L’Oréal’s Professional Products unit sales rose 18.3% across all geographic zones. Best performances were turned in by China, India and Brazil. Kérastase sales topped €1billion for the first time. Also contributing to the gains were Série Expert via the launch of Metal Detox, as well as Redken’s Shades EQ and Inoa by L’Oréal Professionnel.
Consumer Products’ sales rose 14.6%. Makeup was the division’s fastest growing category. Top new product launches included Superstay Vinyl Ink lipcolor by Maybelline New York, and Bare With Me concealer and Jumbo False Eyelashes by NYX Professional Makeup. In skin care, Garnier was the division’s top growth contributor, with its Vitamin C Brightening Serum a standout success.
L’Oréal Luxe sales rose 18.6% on the strength of a soaring fine fragrance business. Top selling scents included Libre by Yves Saint Laurent, La Vie Est Belle by Lancôme and Acqua di Gio by Armani. L’Oréal noted that the launch of Prada Paradoxe was well received, too. In skin care, the division grew three times faster than the market, led by a “spectacular performance” from Helena Rubinstein, cutting-edge innovations such as Lancôme’s Rénergie H.C.F Triple Serum, and the success of recent acquisitions including the Japanese brand Takami. The division also grew in makeup, thanks to the initiatives of Yves Saint Laurent and Urban Decay.
L’Oréal Active Cosmetics soared 30.6%. The division posted double-digit growth in all regions, with a “remarkable performance” in North America, China, South Asia Pacific, Middle East and North Africa. La Roche-Posay and CeraVe contributed equally to the division’s growth. La Roche-Posay is the division’s biggest brand. Its gains were driven by Cicaplast and Effaclar, as well as the success of the UVMune 400 breakthrough innovation in sun protection. CeraVe continued to expand internationally, achieving spectacular growth in both the United States and the rest of the world. Vichy maintained its strong momentum thanks to Dercos and the Capital Soleil UV franchise in both seasonal and daily sun protection. On the aesthetic front, SkinCeuticals recorded double-digit growth, fueled by the excellent performance of A.G.E Interrupter anti-wrinkle cream. The newly acquired brand Skinbetter Science, integrated into the division in the fourth quarter, showed promising potential, according to L’Oréal.
By region, European sales rose 12.3%; North American sales increased 24.6%; sales in North Asia rose 14.8%; South Asia Pacific, Middle East and North Africa sales rose 28.1%; and Latin America sales increased 34.1%.
The outstanding results continued in the new year. For Q1 2023, L’Oréal’s sales jumped 14.6%. Gains came in every division, led by dermatological beauty and consumer products. By region, L’Oréal said it posted spectacular gains in emerging markets, and strong double-digit growth in every zone except North Asia, which suffered from inventory reductions in China.
In April, L’Oréal agreed to acquire Aesop from Natura. When the $2.5 billion deal closes, the hair and skin care brand will be added to the Luxe Division of brands. L’Oréal plans to expand the brand into China and travel retail.
In May, L’Oréal was proclaimed the “World’s Most Valuable Cosmetics Brand,” by Brand Finance. Specifically, the L’Oréal brand was valued at $12 billion. That’s an increase of 7% from 2022 and put it well ahead of Estée Lauder, the No. 2 brand, which was valued at $7.2 billion. The same month, The Fragrance Foundation inducted CEO Nicolas Hieronimus into its Hall of Fame.
In July, L’Oréal and Verily, an Alphabet precision health tech company, launched My Skin & Hair Journey, a multi-year study that will help researchers better understand the biological, clinical and environmental factors that contribute to skin and hair health over time. The new My Skin & Hair Journey registry will enroll thousands of self-identifying U.S. women to develop a body of knowledge about perceptions and experiences of skin and hair health, including the role of lifestyle, environment, wellness, and personal beauty routines.
The My Skin & Hair Journey longitudinal registry for skin and hair health is enrolling participants in the United States, with the intention to expand internationally. Self-identifying women aged 18-70 from various ethnicities, social backgrounds and with diverse skin and hair attributes are invited to take part by privately sharing their unique skin and hair health journeys through self-reported data and surveys. A subgroup of participants will also be invited to further testing to uncover biomarkers—unique biological signatures—that can lead to early detection or prevention of skin disorders, before they take hold. L’Oréal will leverage insights generated from the registry to develop innovative, precision beauty offerings to support the skin and hair goals of all consumers.
“We are passionate about embarking on this journey with Verily, the worldwide leader in precision health tech. It is the first time a study of this magnitude has been designed for and launched in the beauty industry. Our work will go beyond skin and will cover our research around longevity,” said Barbara Lavernos, deputy CEO in charge of research, innovation and technology at L’Oréal. “This study has the potential to unlock the mysteries of skin and hair health down to the individual level. In the future, it can serve as the cornerstone for developing precision beauty innovations for hair and skin, with a level of personalization never seen before.”