L'OREAL
The L'Oréal Group, headquartered in the Paris suburb of Clichy, France, is the world's largest cosmetics and beauty company L'Oréal has developed activities in the field of cosmetics, concentrating on hair color, skin care, sun protection, make-up, perfumes and hair care L'Oréal is active in the dermatological and pharmaceutical fields L'Oréal is also the top nanotechnology patent-holder in the United States The CEO of L'Oreal SA is Jean-Paul Agon
L'Oréal is a listed company, but the founder's daughter Liliane Bettencourt, who is one of the richest people in the world, and the Swiss food company Nestlé each control over a quarter of the shares and voting rights
HISTORY
In 1907, Eugène Schueller, a young French chemist, developed an innovative hair-color formula He called his improved hair dye Auréole With that, the history of L’Oréal began Eugène Schueller formulated and manufactured his own products, which he then sold to Parisian hairdressers
In 1909, Schueller registered his company, the Société Française de Teintures Inoffensives pour Cheveux ("Safe Hair Dye Company of France"), the future L’Oréal The guiding principles of the company that would become L’Oréal were put into place from the start: research and innovation in the interest of beauty
During the early twentieth century, Schueller provided financial support and held meetings for La Cagoule at L’Oréal headquarters La Cagoule was a violent French fascist-leaning and anti-communist group L'Oréal hired several members of the group as executives after World War II
In 1920, the small company employed three chemists By 1950, the research teams were 100 strong; that number reached 1,000 by 1984 and is nearly 2,000 today
L’Oréal got its start in the hair-color business, but the company soon branched out into other cleansing and beauty products L’Oréal now markets over 500 brands and many thousands of individual products in all sectors of the beauty business: hair color, permanents, styling aids, body and skin care, cleansers and fragrances They are found in all distribution channels, from hair salons and perfumeries to hyper - and supermarkets, health/beauty outlets, pharmacies and direct mail
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