Galderma, renowned for its leadership in dermatology, and L’Oréal, a giant in beauty and skincare, have unveiled a groundbreaking partnership marked by L’Oréal acquiring a 10% stake in Galderma. This alliance is poised to reshape the dermatological landscape, combining Galderma’s scientific prowess in skin health with L’Oréal’s expertise in beauty innovations. Unleashing Innovation in Dermatology […]
French cosmetics giant L’Oréal has agreed to acquire Japanese skincare company Takami for an undisclosed price. The Japanese firm develops and markets products that are licensed by the skincare brand Takami. It is owned by Dr Hiroshi Takami, who is the founder of a couple of eponymous dermatological clinics in Tokyo. L’Oréal said that it […]
Cosmetic company acquisitions : French cosmetics company L’Oréal has acquired ModiFace, a Canadian beauty tech company for an undisclosed price as part of its digital acceleration strategy. ModiFace provides augmented reality and artificial intelligence technologies to the beauty industry. L’Oréal acquisition of ModiFace is expected to help the 34 international brands of the French cosmetics […]
Liliane Bettencourt Death : The world’s richest woman Liliane Bettencourt with a net worth of $44.3 billion and also heiress to French cosmetics company L’Oreal, passed away aged 94 in Paris on Thursday. She had a peaceful death at her Paris home and on 21 October would have turned 95 years old according to a […]