Hermès Family Overtakes LVMH’s Bernard Arnault On French Rich List

PARIS – Bernard Arnault has lost his longstanding status as France’s richest man. According to French magazine Challenges, which published its latest list of France’s biggest professional fortunes Thursday, the…

L’Oréal Denies Claims Of Hong Kong Office Closure, Layoffs

After news began circulating earlier this week that L’Oréal is considering merging its Hong Kong office with its Mainland China operations, which would result in the layoff of over 200…

L’Oreal to Acquire Gail Federici’s Color Wow

The beauty dealscape is heating up, with the world’s biggest beauty company getting in on the action again. L’Oréal has signed an agreement to acquire Color Wow, the hair care…

Beauty Giants Make Early Investments in Niche Fragrance Market in Asia

When it comes to sniffing out the future, investors are looking Eastward. Strategics’ venture capital arms are increasingly placing small bets on niche Asian fragrance brands being the next big…

Coty Could Be for Sale, According to Industry Sources

Could it be the end of an era for one of beauty’s most storied names? Buzz is swirling that Coty Inc. is looking for buyers, but it would not be…

L’Oréal Will Launch a Global Campaign for World Refill Day

PARIS – L’Oréal is poised to launch a corporate campaign for refills, in tandem with World Refill Day on Monday. The campaign will be the group’s first cross-divisional, multi-brand, multi-channel activation,…

L’Oréal, Nvidia Collaborate to Bring Next-Gen AI to Beauty

PARIS – L’Oréal and artificial intelligence chipmaker Nvidia are collaborating to unleash AI’s potential for beauty. The beauty giant said in a statement Wednesday that this will “enable groundbreaking, never-before-imagined beauty…

L’Oréal Will Acquire Medik8 Skin Care Brand

PARIS – L’Oréal is digging deeper into luxury skin care, taking a majority stake in Medik8. The news, announced Monday morning, confirms a WWD report on May 9 that L’Oréal had…

Why Aren’t More Emerging Designers Getting Into Fragrances?

Designer fragrances are leading beauty’s hottest category. Why aren’t more designers cashing in? While several legacy brands like Carolina Herrera, Dior and Chanel have long had fragrances and thus benefited…

Together Group Acquires Experiential Agency Obo

Together Group, a London-based collective of marketing, communications, digital and events agencies, has acquired Obo, which has produced fashion spectacles for Victoria’s Secret, L’Oréal Paris, Elie Saab and many others.…