L’Oreal Details Its $1 Billion R&D Investment In 2012 Annual Report
This article was originally published in The Rose Sheet
Executive Summary
L’Oreal’s 2012 Annual Report highlights successful collaborations between the firm’s research and marketing departments, resulting in product innovations that meet unique consumer and regional needs. The French firm boosted its R&D spend in 2012 by 9.7% to reach $1.02 billion.
You may also be interested in...
The Body Shop Buys Majority Stake In Brazilian Beauty Retailer
Pending deal between the Body Shop and Brazilian beauty retailer Emporio Body Store will give the L’Oreal-owned retailer a strong entry point to the booming Brazilian beauty market, it says. Announced Oct. 15, The Body Shop plans to purchase 51% of the company, whose network consists of 130 points of sale in the country.
In Brief
Latest research from Mintel suggests that men ages 18 to 34 are more likely than their female peers to buy personal-care products online. More news in brief.
L'Oreal Banking On “Major” Product Launches In 2012 Second Half
L’Oreal will launch three major new fragrances that will help boost its cosmetics sales beyond the projected growth rate of the overall global cosmetics market this year, firm states in Aug. 29 earnings report. Net operating profit advanced 11.4% to $2.37 billion in first half.