Paris, France--L'Oréal S.A. (Euronext Paris: OR), a French multinational personal care corporation registered in Paris and headquartered in Clichy, Hauts-de-Seine, has activities spanning skin care, sun protection, make-up, perfume, hair care and hair color; as of September 2024, the French company has a market value of $234.75 billion, thus setting the world record for being the World's Largest Cosmetics Company, according to the WORLD RECORD ACADEMY.
"L'Oréal S.A. is a French multinational personal care corporation registered in Paris and headquartered in Clichy, Hauts-de-Seine. It is the world's largest cosmetics company, with activities spanning skin care, sun protection, make-up, perfume, hair care and hair color.
"L'Oréal got its start in the hair-color business, but the company soon branched out into other cleansing and beauty products. As of 2020, L'Oréal markets in all sectors of the beauty business: hair color, permanents, hair styling, body and skincare, cleansers, makeup, and fragrance.
"The company's products are found in a wide variety of outlets, from hair salons and perfumeries to supermarkets, health/beauty outlets, pharmacies, and direct mail." (Wikipedia)
"In 2023, the World Intellectual Property Organization (WIPO)’s Madrid Yearly Review ranked L'Oréal's number of marks applications filled under the Madrid System as 1st in the world, with 199 trademarks applications submitted during 2023.
"The L'Oréal-UNESCO Awards for Women in Science was established to improve the position of women in science by recognizing outstanding women researchers who have contributed to scientific progress.
"The awards are a result of a partnership between the French cosmetics company L'Oréal and the United Nations Educational, Scientific and Cultural Organization (UNESCO) and carry a grant of US$100,000 for each laureate." (Wikipedia)
"L'Oréal SA engages in the manufacture and sale of beauty and hair products. It operates through the following segments: Professional Products, Consumer Products, L'Oréal Luxe, and Active Cosmetics," the Forbes reports.
"The Professional Products segment manufactures products which are used and sold in hair salons. The Consumer Products segment offers beauty and care products for men and women which are sold in mass market retail channels.
"The L'Oréal Luxe segment markets high-end skin care and beauty products in selective retail outlets such as department stores, perfumeries, and travel retail.
"The Active Cosmetics segment offers dermocosmetic skincare products which are sold in pharmacies and specialist sections of drugstores. The company was founded by Eugène Schueller in 1909 and is headquartered in Clichy, France."
"Beauty is our DNA. From the very first hair dye L’Oréal produced in 1909 to our innovative Beauty Tech products and services today, our company has been a pure player and leader in the beauty sector worldwide for decades," the
L’Oréal official website
says.
"We believe that beauty, the quest for beauty, unites us all. It is a fundamental need that goes beyond mere “appearance” and taps deep into human aspirations: a sense of belonging, self-realization, self-confidence... We strive to help women and men all over the world fulfill these aspirations, while understanding and respecting all the nuances in cultures, needs and traditions.
"And so our mission is to offer to all women and men on the planet the best of beauty in terms of quality, efficacy, safety and responsibility. With such strong foundations, we conceive and build an infinite diversity of beauty products and services – in order to share the best of beauty with everyone, everywhere."
"According to recent data, L'Oréal is currently the world's largest cosmetics company. As of September 2024, the French company has a market value of $234.75 billion," the Oberlo.com says.
"It owns popular brands including Maybelline, Garnier, and Urban Decay. This marks an 11.81% fall from its $266.18 billion valuation at the end of 2023.
"L'Oréal’s current market capitalization also accounts for more than half of the combined values of the top 10 cosmetics companies."
"This statistic shows the revenue of the leading 10 beauty manufacturers worldwide in 2023, ranked based on beauty sales of 2023," the Statista says.
"In that year, L'Oréal was the top-ranked global beauty manufacturer with a revenue that amounted to about 44.5 billion U.S. dollars.
"The global beauty market is usually divided into five main business segments: skincare, haircare, color (make-up), fragrances, and toiletries. These segments are complementary and through their diversity, they are able to satisfy all consumers’ needs and expectations with regard to cosmetics."
"The L’Oréal juggernaut continues. Registering its third year in a row of double-digit growth in like-for-like terms, the world’s biggest beauty company surpassed €40 billion in sales for the first time in 2023," the WWD reports.
"L’Oréal accounted for 18.2% of total sales, its share of the Top 100 inching up once more, by 0.9 percentage points.
"The top 10 companies overall generated sales of $145.61 billion, or 59.4% of total Top 100 revenues, a ratio that has remained roughly stable in recent years."
"The largest cosmetic companies are L'Oreal, Estée Lauder, Coty, Nivea, Shiseido and Chanel. The market volume of the cosmetics industry in Europe and the United States is about EUR €70 billion per year, according to a 2005 publication.
"The worldwide cosmetics and perfume industry currently generates an estimated annual turnover of US$170 billion (according to Eurostaf – May 2007). Europe is the leading market, representing approximately €63 billion." (Wikipedia)
"L'Oreal is known for its mass production of hair and makeup products which are produced in mass and sold in drug stores in America as well as internationally.
"L'Oreal has gained popularity especially due to its app Makeup Genius which allows users to try on makeup using their phone camera in addition to working with Los Angeles-based NYX Cosmetics and Estee Lauder's MAC Cosmetics, L'Oreal is one of the leading cosmetic brands in the United States.
"According to the company's latest financial report of 2017, North America accounted for 13.6% of the company's global cosmetic sales." (Wikipedia)
"L’OréalL’Oréal is the no. 1 beauty company in the cosmetics industry, with its annual beauty product sales of over USD 29.4 billion. The company sells products in all cosmetic categories, including makeup, skincare, haircare, sun care, fragrances, and hygiene products. The company is growing at a rapid pace with high sales from most of its famous brands, including L’Oréal Paris, Maybelline New York, Softsheen, and Garnier," the Straits Research says.
"L’Oréal also owns luxury brands including Yves Saint Laurent, Kiehl’s, Lancôme, and Giorgio Armani and beauty product distributors such as The Body Shop.
"The company also owns popular haircare brands such as Matrix, Kérastase, Pureology, and Redken. L’Oréal has acquired several global beauty brands over the years — including Valentino, Modiface, Puplriot, Stylenanda, Nyx Cosmetics, Ralph Lauren, Essie, Urban Decay, and more — which is driving the Group’s long-term growth."
"L'Oréal remains the world’s most valuable cosmetics brand, with its brand value improving 11% to reach a staggering USD13.4 billion. The iconic French brand continues to outshine its competitors, boasting a brand value approximately 80% higher than its closest rival," the
Brandirectory says.
"L'Oréal's brand value is intricately tied to its strategic focus on premiumisation and innovation within the beauty industry.
"The brand's approach to making high-end products more accessible in a market driven by supply has driven strong sales growth, indicating L'Oréal's ability to align product offerings with consumer demand for luxury at an attainable price point."
Photos: Facebook/L'Oréal Group
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