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☆ 5 titans of French luxury grew $50 billion richer in a week — and are now worth more than Costco
▼ + stars: | 2024-09-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans. AdvertisementFive titans of French fashion and beauty added a full $50 billion to their fortunes last week, boosting their combined wealth to more than $420 billion. Julien Hekimian/Getty ImagesKering founder François Pinault's net worth rose by $2.3 billion to $25.6 billion last week, placing him 78th on the list. Arnault was worth $24 billion more at $231 billion in March, which made him the world's wealthiest person at the time. Bettencourt Meyers was $7.5 billion richer at $101 billion in June, while the Chanel siblings were each worth about $6.4 billion more at roughly $55 billion around the same time.

Persons: LVMH's Arnault, Chanel, —, stoked, Bernard Arnault, Louis Vuitton, Larry Ellison, Mark Zuckerberg, Françoise Bettencourt Meyers, L'Oréal's, Alice Walton, Francois Guillot, Alain, Gerard Wertheimer, Coco Chanel, Chanel's cofounders, Julien Hekimian, François, Balenciaga, Yves Saint Laurent, Kering, Francois, Henri Pinault, Salma Hayek, MICHAEL TRAN, Rodolphe Saadé, Arnault, haven't, Pinault, Bettencourt Meyers Organizations: Service, Tiffany, Bloomberg, Walmart, Getty, Gucci, CMA CGM, Procter & Gamble, Home, Costco Locations: China, Sephora, AFP

☆ Wende Zomnir revolutionized makeup with Urban Decay. She's not done building her empire.
▼ + stars: | 2024-07-13 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

And Urban Decay was the first brand to have all recycled paper cartons," she told BI. "So it's not like Caliray's wellness and sustainability is a 180 departure from Urban Decay. Wende Zomnir at an Urban Decay party in 2018. Wende Zomnir CalirayStarting fresh with CalirayConceptualizing a new makeup brand with a California aesthetic was a no-brainer for Zomnir. While on the road promoting Urban Decay, she noticed that people asked her the same questions: What's California like?

Persons: I'm, Zomnir, she's, Calvin Klein, Elizabeth Arden skincare, Leo Burnett, Sandy Lerner, Lerner, she'd, Wende, Han Myung, Carol Hamilton, Tara Simon, Caliray's mascara, Caliray, There's, She's Organizations: Business, Leo, Leo Burnett Worldwide, Cisco Systems, Beauty Independent, Urban, Fast Company, BI Locations: New Jersey, she's, Newport Beach , California, It's, Texas, California, Sandy, L'Oréal, Sephora

☆ From banks to beauty: Fund manager says AI is giving these companies 'phenomenal' uplift
▼ + stars: | 2024-06-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Liontrust Asset Management's Clare Pleydell-Bouverie is looking beyond the headline-makers, however, to other companies set to gain from AI adoption. She said AI is set to remove "a lot of waste out of people's jobs," and bring about a "phenomenal productivity uplift." 'Higher customer conversion' Pleydell-Bouverie also said consumer-facing companies like French beauty and cosmetics label L'Oreal stand to gain from the adoption of AI. "They've pioneered beauty tech as an industry," she said, adding that the company's generative AI beauty assistant system has a 60% higher customer conversion than in-store advisors. The analysts have an average price of $450.25 on L'Oreal, giving it slightly downside potential.

Persons: Clare Pleydell, CNBC's, Bouverie, They've Organizations: Big Tech, Amazon, Nvidia, Meta, Microsoft, Liontrust Global Technology Fund, Technology, JPMorgan Chase, JPMorgan, L'Oreal, Euronext Locations: Euronext Paris, U.S

☆ L’Oreal says it's working on a form of bioprinted skin that can actually ‘feel’
▼ + stars: | 2024-05-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

L'Oreal says it is working with start-ups and research institutions to bioprint skin that can actually "feel." PARIS, France — French beauty and cosmetics giant L'Oreal is working on a form of synthetically produced skin that it says will one day be able to "feel" like we do. At the Viva Technology conference in Paris last week, L'Oreal showed off demonstrations of "bioprinting," technology that can 3D print humanlike skin, in action. L'Oreal says it ceased testing its products on animals back in 1989, long before it was required by regulation. We're doing it internally but also working with external partners as well," Balooch told CNBC at the firm's booth at VivaTech.

Persons: Balooch Organizations: L'Oreal, Viva Technology, CNBC Locations: PARIS, France, Paris, VivaTech

☆ Meet 10 of the world's richest women, worth a combined $500 billion
▼ + stars: | 2024-05-19 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

The top 10 women on the Bloomberg Billionaires Index are worth just over $500 billion combined. Walmart heiress Alice Walton and Fidelity CEO Abigail Johnson are both on the list. Take a closer look at some of the world's richest women. AdvertisementL'Oréal's biggest shareholder, a Walmart heir, and the CEO of Fidelity are among the 10 richest women in the world, according to the Bloomberg Billionaires Index. They've each amassed fortunes of more than $25 billion — and are worth a staggering $500 billion combined.

Persons: Alice Walton, Abigail Johnson, — Organizations: Bloomberg, Walmart, Fidelity, Service

☆ How this L'Oréal exec stays motivated at work even after working at the same company for 30 years
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: +1 min

Vismay Sharma, president of L'Oreal's South Asia Pacific, Middle East and North Africa market — dubbed SAPMENA — has worked at the same company for more than 30 years and still enjoys his work. "I love working in the beauty industry. It's an industry that brings joy, self-confidence and wellbeing into people's lives on a daily basis," he told CNBC's My Biggest Lessons. Sharma added that while turnover, profitability and market share are important concerns for any organization, the "real long-term motivator" for him is seeing the value in his day-to-day work. Watch the full video for the rest of Sharma's lessons.

Persons: Vismay Sharma, —, Sharma, CNBC's Organizations: L'Oreal's South, L'Oreal's South Asia Pacific Locations: L'Oreal's South Asia, Middle East, North Africa

☆ I've been a makeup artist for 9 years. Here are 9 drugstore products that perform better than high-end items.
▼ + stars: | 2024-03-04 | by ( Janelle Mariss | ) www.businessinsider.com time to read: 1 min

The L'Oreal True Match Nude foundation feels high-end. L'Oreal's True Match Nude foundation looks flawless on the skin. Janelle MarissThe L'Oreal True Match formula has a similar texture and finish to some of my most expensive foundations. Its silky, satin finish sits beautifully on the skin and has medium buildable coverage. It's also the type of foundation that could work well for many different skin types across all ages.

Persons: Janelle Mariss, It's Organizations: L'Oreal

☆ L'Oreal tells workers to come to the office on Fridays twice a month
▼ + stars: | 2024-02-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

L'Oreal wants staff globally to work in the office on Fridays at least twice a month. The beauty company currently requires employees to work in the office three days a week. AdvertisementCosmetics giant L'Oreal has told employees to come to the office at least two Fridays a month to tackle diminishing attendance at the end of the week, The Times reported Sunday . L'Oreal employees are currently expected to be in the office three days a week. The company's CEO Nicolas Hieronimus recently reaffirmed the company's firm stance on in-person working while speaking at the World Economic Forum in Davos last month.

Persons: —, Rinderknech, Nicolas Hieronimus Organizations: L'Oreal, Service, Times, Business, Economic, LinkedIn Locations: Davos

☆ Many remote employees have 'no attachment' to their work, and no passion or creativity, the CEO of cosmetics giant L'Oreal says
▼ + stars: | 2024-01-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Read previewL'Oreal's CEO had some harsh words for remote workers , saying they lack attachment, passion, or creativity in their roles, during the World Economic Forum in Davos, Switzerland. L'Oreal USA's former CEO Stephane Rinderknech called the company's 11,000 employees back to the office in a staggered process in July 2020. "It's vital for the company, and it's vital for the employees. CEOs have changed their tune on remote work since the pandemic saying that employees are more productive and efficient in the office. AdvertisementNumerous firms including Google, Meta, Starbucks, and JPMorgan have walked back their remote working policies as a result, and are requiring workers to come back to the office .

Persons: —, Nicolas Hieronimus —, Hieronimus, L'Oreal USA's, Stephane Rinderknech, It's Organizations: Service, Economic, Business, Daily Telegraph, L'Oreal, Google, Meta, JPMorgan Locations: Davos, Switzerland, French, California

☆ How 3 stocks tied to China's economy are navigating its uneven post-Covid recovery
▼ + stars: | 2023-10-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

But looking at quarterly numbers and commentary from multinational companies doing business there, the road back for the world's second-largest economy remains uneven. Club name Procter & Gamble (PG) flagged weakness in China when it reported its fiscal first quarter 2024 earnings. SBUX YTD mountain Starbucks YTD Given P & G's remarks, we hope Starbucks is still able to keep its China numbers moving in the right direction. Starbucks' growth in China, its second-largest market after the U.S., is still in its early stages. WYNN YTD mountain Wynn Resorts YTD Commentary from Las Vegas Sands gives us hope that Wynn Resorts might be able to continue last quarter's momentum in gross gaming revenue in Macao.

Persons: China — Estee Lauder, —, Nicolas Hieronimus, Andre Schulten, Let's, Estee Lauder, Lauder YTD, Estee, We're, there's, Wells, WYNN, Wynn, Jim Cramer's, Jim Cramer, Jim Organizations: Starbucks, Wynn Resorts, Vegas Sands, L'Oreal, Procter, Gamble, Deutsche Bank, Wynn, HSBC, CNBC, Wuhan International Plaza, Getty Locations: China, Sands, Macao, Asia, Hainan province, U.S, Dubai, Wynn Macau, Wuhan, Hubei province

☆ L'Oréal's chief responsibility officer shares how she's making sure women have more of a say in designing the world
▼ + stars: | 2023-06-27 | by ( Josée Rose | ) www.businessinsider.com time to read: +10 min

"What we want to do is to make women visible — women scientists and their achievements — to create role models to encourage them to stay in these professions." Combining her background in law and human rights and her current roles at L'Oréal, Palt is at the helm of enacting change at the global beauty brand. So in this not-very-interesting job, you had a lot of women, and you had a lot of African American women. The question of honoring and celebrating women's successes has become very mainstream, compared to 25 years ago, when shining light on women scientists was really new. We had a lot of feedback in the survey of women scientists about what the award changed for them.

Persons: Alexandra Palt, L'Oréal, Palt, —, You've, That's, I've Organizations: Service, L'Oréal, Women, Science Locations: United States, L'Oréal, America

☆ We're championing beauty tech thanks to artificial intelligence, L'Oréal says
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're championing beauty tech thanks to artificial intelligence, L'Oréal saysBarbara Lavernos, L'Oréal's deputy CEO and chief innovation officer, and Guive Balooch, its global managing director for augmented beauty and open innovation, discuss how A.I. is powering beauty technology.

Persons: L'Oréal, Barbara Lavernos, Guive

☆ L'Oreal buys luxury brand Aesop from Brazil's Natura for $2.5 billion
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: +1 min

Aesop products sit on display for sale at their store on Abbott Kinney Blvd. French cosmetics group L'Oreal struck a deal with Brazil's Natura & Co to buy Aesop, its Australian luxury brand, at an enterprise value of $2.53 billion, both firms said on Monday. The deal expands L'Oreal's presence in the luxury cosmetics market, while marking a financial relief for the Brazilian firm, burdened by shrinking margins and heavy debt. "Aesop taps into all of today's ascending currents and L'Oreal will contribute to unleash its massive growth potential, notably in China and travel retail," L'Oreal CEO Nicolas Hieronimus said in a statement. For Natura, the deal adds to a broader organizational shakeup that saw former chief executive and executive chairman Roberto Marques step down in June last year, handing over the reins to Fabio Barbosa.

☆ L'Oreal plans to buy luxury skincare brand Aesop — known for its $90 serums and $40 hand wash that wealthy millennials can't get enough of — in a $2.5 billion deal
▼ + stars: | 2023-04-04 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +2 min

French cosmetics giant L'Oreal plans to buy Aesop for $2.5 billion. Aesop is an Australian skincare brand, known for its simple marketing and gender-neutral products. Aesop is an Australian brand that dates back to 1987 when founder Dennis Paphitis opened a Melbourne hair salon and began mixing essential oils into hair products. Today, it's known for luxurious home fragrances, hair oils, and skincare products, which are served up in apothecary-style brown bottles. It has become an aspirational brand for wealthy millennials who are happy to spend $40 on its hand wash to make their bathrooms look more upmarket.

☆ L'Oreal buys luxury brand Aesop from Brazil's Natura for $2.5 bln
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of French cosmetics group L'Oreal in the western Paris suburb of Levallois-Perret, France, February 7, 2020. REUTERS/Gonzalo FuentesSAO PAULO, April 3 (Reuters) - French cosmetics group L'Oreal (OREP.PA) struck a deal with Brazil's Natura & Co (NTCO3.SA) to buy Aesop, its Australian luxury brand, at an enterprise value of $2.53 billion, both firms said on Monday. The deal, L'Oreal's largest ever brand acquisition according to Dealogic data, expands the firm's presence in the luxury cosmetics market, while also providing the Brazilian company with some financial relief amid shrinking margins and heavy debt. The acquisition is also the third largest on record of an Australian company in the consumer products sector, the data showed. "Aesop taps into all of today's ascending currents and L'Oreal will contribute to unleash its massive growth potential, notably in China and travel retail," L'Oreal CEO Nicolas Hieronimus said in a statement.

☆ I'm an Amazon influencer who makes $1,000 or more a month. Here are my best tips for building this online side hustle.
▼ + stars: | 2023-02-02 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

Elena Duque is a guest host on the TV channel QVC and has a side hustle as an Amazon influencer. She earns commission by promoting products on TikTok, Instagram, and her blog. Her tips include talking about one Amazon product per post and including a clear call to action. I make at least $1,000 a month in affiliate commissions by sharing my favorite products on Pinterest, TikTok, and my blog. Here's my advice to anyone trying to start a lucrative side hustle as an Amazon influencer.

☆ A TikToker is facing backlash for arguing that it's OK to lie about sponsored products amid the 'MascaraGate' scandal
▼ + stars: | 2023-01-27 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

'MascaraGate' has consumed TikTok, with a beauty guru being accused of false advertising. Mads Lewis, a TikToker with over 12 million followers, argued in a now-deleted video that deception is pervasive across the advertising industry. Lewis said in her original TikTok, apparently in response to criticism of Nogueira helmed by commentary creator Angelika Oles. "I know it's false advertising, but isn't everything false advertising? "Sorry, if somebody put $200,000 in your face and said, 'Hey, promote my shitty mascara,' I don't think you'd think twice about it."

☆ This L’Oreal device aims to help people with limited mobility apply makeup
▼ + stars: | 2023-01-05 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

French cosmetics giant L’Oreal unveiled a new handheld makeup applicator called HAPTA at this year’s the Consumer Electronics Show (or CES) in Las Vegas, that aims to assist people with limited mobility or tremors to apply makeup independently. L'Oreal unveiled its HAPTA device at CES 2023. L’Oreal debuted another invention at CES called Brow Magic, a handheld electronic eyebrow makeup applicator to create customized brow shapes. L'Oreal's Brow Magic device L'OrealAfter brushing a Brow Magic primer through brows, users move the printer across the eyebrow in a single motion. Balooch said Brow Magic should also hit the market at the end of 2023, priced between $150 and $200.

☆ L'Oréal made a handheld, motorized device that helps people with disabilities apply lipstick. It's meant to give users independence.
▼ + stars: | 2023-01-05 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +5 min

The makeup giant L'Oréal announced a handheld, computerized lipstick applicator. On Wednesday, at the annual Consumer Electronics Show in Las Vegas, L'Oréal unveiled a handheld, computerized makeup applicator called Hapta. Now, Balooch said the makeup world was approaching a revolution in technology that could help many with disabilities. Hapta is essentially a miniature robotic arm that helps users stabilize a tube and apply lipstick. L’OréalOver the past few years, Balooch said, L'Oréal engineers have been working to make the company's packaging easier to open for people with disabilities.

REUTERS/Benoit Tessier/File PhotoCompanies L'Oreal SA FollowOct 24 (Reuters) - L'Oreal SA (OREP.PA) has been sued by a Missouri woman who alleges she developed uterine cancer as a result of using the French cosmetic company's hair-straightening products. The lawsuit, filed Friday in federal court in Chicago, came days after a study from the U.S. National Institute of Environmental Health Safety (NIEHS) finding that hair-straightening products may significantly increase the risk of uterine cancer among frequent users. The plaintiff, Jennifer Mitchell, said she was diagnosed with uterine cancer in 2018, after using L'Oreal's products since about 2000, when she was 10. Uterine cancer is the most common gynecologic cancer in the United States, according to federal government data, with rates rising, particularly among Black women. The company "profited, significantly" from "unethical and illegal conduct that caused plaintiff to purchase and habitually use a dangerous and defective product," the lawsuit said.

☆ Stocks are suddenly getting hit with higher Treasury yields and some worrisome earnings
▼ + stars: | 2022-10-21 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Markets are being hit with a double whammy this morning: multi-year high in Treasury yields, and earnings. Earnings and revenues were higher than expected. Spending was strong (consumer and commercial-billed business growing 22% and 20% year-over-year), new card growth (3.3 million) was good. But AmEx set aside $778 million for potential future losses, nearly $200 million higher than expected. Robert Ottenstein at Evercore ISI said in a note, commenting late last night on very strong earnings from French spirits maker Pernod Ricard.

Companies L'Oreal SA FollowNEW YORK, Sept 27 (Reuters) - L'Oreal SA (OREP.PA) on Tuesday failed to persuade a U.S. judge in Manhattan to dismiss a proposed class action lawsuit accusing the company of defrauding shoppers by suggesting that two topical collagen products help smooth wrinkles. The plaintiffs Rocio Lopez and Rachel Lumbra sued in August 2021, claiming that L'Oreal violated New York and California consumer protection laws by deceiving them into overpaying for its Collagen Moisture Filler Day/Night Cream and its Fragrance-Free Collagen Moisture Filler Daily Moisturizer. But U.S. District Judge Andrew Carter said the plaintiffs plausibly alleged that the "collagen" on L'Oreal's labels referred to molecules that provide cosmetic benefits, by purporting to reverse signs of aging. The lawsuit seeks unspecified damages for purchasers of the L'Oreal products nationwide. The case is Lopez et al v L'Oreal USA Inc, U.S. District Court, Southern District of New York, No.

☆ Meet billionaire L'Oreal heiress Françoise Bettencourt Meyers, the richest woman in the world, who has a net worth of $82.1 billion
▼ + stars: | 2020-02-03 | by ( Taylor Nicole Rogers | ) www.businessinsider.com time to read: +1 min

Françoise Bettencourt Meyers inherited one-third of L'Oreal from her mother, making her the richest woman in the world since 2017 with a net worth of $82.1 billion, according to Bloomberg. Bettencourt Meyers had a fraught relationship with her mother. Unlike a typical billionaire heiress, Bettencourt Meyers has focused her attention on her career as an author and a member of L'Oreal's board of directors. Unlike a typical billionaire heiress, Bettencourt Meyers has focused her attention on her career as an author and a member of L'Oreal's board of directors. Representatives of L'Oreal and Bettencourt Meyers did not respond to Business Insider's request for comment on her career, personal relationships, or net worth.

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