L\'Oreal opens Indian innovation hub

Published: 11-Jan-2013

French beauty giant L\'Oreal has inaugurated its new Research & Innovation (R&I) Centre, dedicated to studying the beauty routines and expectations of Indian consumers.


French beauty giant L'Oreal has inaugurated its new Research & Innovation (R&I) Centre, dedicated to studying the beauty routines and expectations of Indian consumers. The centre was built in response to L'Oreal's continued growth in India, and is part of the company's €140m investment in the country. L'Oreal India is currently growing at a rate of +20 per cent, with annual sales tipped to reach €230m.

The new R&I Centre is the company's sixth globally, and is made up of a Product Development Center in Mumbai and Advanced Research Centre in Bangalore. It is expected to employ over 100 Indian researchers and scientists by the end of this year.

"With one of the highest growths of the Group in Asia Pacific, India is a key contributor to L'Oreal's objective of reaching one billion new consumers. The R&I Center in India reflects our confidence in the great potential of the Indian market and our strong commitment to the country. It is in line with L'Oreal's universalisation strategy of adapting our global brands to each culture's specific needs," said Jean-Paul Agon, chairman and ceo of L'Oreal.

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