An Aussie beauty company that rapidly overtook its global competition has been sold for an eye-watering figure.

Francoise Bettencourt Meyers, heiress to cosmetics behemoth L’Oréal and world’s second richest woman with US$76.1 billion in net worth, is set to retire from the company’s board in April.

As previously reported, L’Oréal sales in the three months ended Dec. 31 reached 11.08 billion euros, up 4.5 percent in ...

We think chair and CEO Marc Puig has done a commendable job sharpening Puig’s premium focus and expanding its brand collection through acquisitions, thus positioning the small beauty product maker ...

French cosmetics giant L'Oreal said on Thursday its profits rose last year despite the declining Chinese market, and it made ...

Bettencourt Meyers is a third-generation L'Oréal heir and has spent 28 years on its board. Her two sons are also board ...

L’Oreal chief executive Nicolas Hieronimus dubbed China the “big unknown” on the earnings call, adding the company’s market ...

Hamilton will leave the company after a 40-year career, leading developmental success in the U.S. market.

L’Oréal also gains a minority stake in the French fashion label.

L’Oréal Groupe has entered into a long-term, exclusive beauty partnership with independent, Paris-based fashion label ...

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