L’ORÉAL AND UNIVERSITY OF CALIFORNIA BERKELEY’S BAKAR LABS JOIN FORCES TO ADVANCE BIO-BASED COSMETIC TESTING AND PRODUCT DEVELOPMENT
Clichy, 29th June 2023 – L’Oréal today announced a partnership with the University of California (UC) Berkeley's Bakar Labs, a leading biotech incubator. This collaboration opens up avenues for Bakar Labs’ incubated startups, to benefit from and gain access to L’Oréal’s 3D reconstructed skin models, for free.
L’ORÉAL SELECTS FRANCE’S ‘CARING 4 BEAUTY’ AS BRANDSTORM 2023 WINNER
Paris, 16 June – L’Oréal today announced France’s ‘Caring 4 Beauty’ team as the winner of Brandstorm 2023, L’Oréal’s global, immersive learning competition for youth under 30. ‘Caring 4 Beauty’ won for their concept, URMODEL, inspired by the theme, ‘Crack The New Codes of Beauty’, referencing technology’s growing influence across the beauty industry. The selection was announced live from the Viva Technology conference in Paris.
Highlighting beauty as a force for individual and collective good, the innovations span smart and sustainable beauty innovations and digital services, as well as data-powered diagnostic devices for inclusive, personalized, and virtual beauty.
Bold, L’Oréal’s venture capital fund, invests in biotech company, “debut” to collaborate on active ingredients
Clichy, 1 June 2023 - BOLD, L'Oréal’s corporate venture capital fund, today announced a minority investment in Debut, making it the exclusive beauty industry investor in the company. The investment will enable Debut, a US biotech company to rapidly scale its manufacturing platform and meet growing demand for breakthrough ingredients to be used in cosmetics, skincare and packaging. The investment builds on existing joint development programs between L’Oréal and Debut that leverage Debut’s extensive IP portfolio, from which more than 7,000 ingredients can be created in order to bring high-value, more sustainable ingredients to market faster.
L’Oréal invests in biotechnology venture to scale development of plant-based ingredients for sustainable beauty
The investment, made through L'Oréal's corporate venture fund, BOLD, will support the creation of new, sustainable ingredients derived from living organisms. Through Geno’s biotechnology expertise, L’Oréal will replace traditional ingredients with bio-based alternatives, such as those made from plant-based sugars. These new ingredients will be used across various L’Oréal products, making a significant leap towards the company’s goal of 100% eco-designed formulas and ingredients that are 95%-derived from renewable or abundant sources.
L’ORÉAL’S VENTURE CAPITAL FUND, BOLD, INVESTS IN DIGITAL VILLAGE, A US STARTUP FOCUSED ON METAVERSE & NFT MARKETPLACE
Clichy, 12 January 2023 – L’Oréal’s corporate venture capital fund BOLD (Business Opportunities for L’Oréal Development) announces a minority investment in US-based startup, Digital Village, a metaverse-as-a-service platform and NFT marketplace for brands, creators, and communities.
L'Oréal Groupe : L'Oréal unveils latest beauty tech innovations ahead of CES 2022
L'Oréal unveils latest beauty tech innovations ahead of CES 2022: reinventing haircoloration with two user-design breakthrough innovations dedicated to transform the experience both at home for consumers and in hair salons for professionals coloright and colorsonic, a 2022 CES innovation awards honoree, reinvent consumer haircoloring experience through user-design breakthroughs at home and in the salon.
L'Oréal and Facebook bring virtual try-ons to Instagram shopping with ModiFace
L’Oréal and Facebook have announced a technology platform integration with ModiFace, L’Oréal’s owned augmented reality and artificial intelligence company, to bring AR-powered makeup try-ons to shopping on Instagram.
