On Wednesday, February 20, Jean Paul will sit down with David Rubenstein to discuss his strategy of universalization, as well as how he runs L’Oréal with the spirit of a start-up, as part of the ongoing 92Y Talks series in NYC.
Earlier this week L’Oréal announced several appointments within its Executive Committee.
Jean-Paul Agon, Chairman and Chief Executive Officer of L’Oréal, discusses what the company looks for when selecting brands to acquire.
French supermarket chain, Casino Group, has partnered with L’Oréal France to launch a beauty and well-being store concept in Paris in the face of ever-increasing online competition.
L’Oréal’s Consumer Products Division in the U.S. declined mid-single digits, as it went up against L’Oréal Paris Advanced Hair Care from Q1 2013, “the biggest launch ever” for the L’Oréal Company worldwide.
Fresh off a year of record profits, L’Oréal is aiming squarely at fueling up its business for growth in travel retail.
Solid performance through the first nine months of the year strengthened L’Oréal’s global leadership in beauty, although unexpected inventory reductions in North America impacted its third quarter. Elizabeth Arden also reported declines in North America as its fragrance business went up against significant launches from the prior year.
With a goal of doubling its consumer base from 1 billion to 2 billion within 15 years, L’Oréal has engaged in a number of strategies to realize its ambitious plan: adding subsidiaries, building strategically-located manufacturing and R&D centers, and acquiring brands. During its first quarter conference call on Thursday, April 18, we saw L’Oréal Group’s sales rise a modest 5.1% or 5.5% like for like to $7.8 billion (5.93 billion euro). And, we saw how new and developing markets will be crucial to their 15-year goal: sales in new markets grew 6.7% or 9.4% to $2.9 billion, while sales in developing markets are expected to reach 50% in the near future, up from 39% in 2012.
With a goal of doubling its consumer base from 1 billion to 2 billion within 15 years, L’Oréal has engaged in a number of strategies to realize its ambitious plan: adding subsidiaries, building strategically-located manufacturing and R&D centers, and acquiring brands. During its first quarter conference call on Thursday, April 18, we saw L’Oréal Group’s sales rise a modest 5.1% or 5.5% like for like to $7.8 billion (5.93 billion euro). And, we saw how new and developing markets will be crucial to their 15-year goal: sales in new markets grew 6.7% or 9.4% to $2.9 billion, while sales in developing markets are expected to reach 50% in the near future, up from 39% in 2012.
