L'Oreal invests in R&D facility in Rio de Janeiro

Published: 20-Dec-2011
Research & Development Finance

New centre aims to strengthen L\'Oreal\'s position in Brazil


L'Oreal and the municipality of Rio de Janeiro have signed an accord for the construction of a research and innovation centre in the Bom Jesus zone of the city's technological park.

The cosmetics group says this marks a further step in the development of economic relations with the city and the Brazilian market. The project is estimated to cost some €30 million.
  • Companies:
  • L'Oreal
See more

You may also like

Finance

L’Oréal USA promotes Silvia Galfo to President of Luxe Division

Read more
Galfo, previously Chief Growth Officer of the beauty group’s US subsidiary, will replace Megan Grant

Trending Articles

  1. L’Oréal USA promotes Silvia Galfo to President of Luxe Division Galfo, previously Chief Growth Officer of the beauty group’s US subsidiary, will replace Megan Grant
  2. Give Back Beauty lands Mercedes-Benz fragrance licence deal The group will now create, produce and distribute Mercedes-Benz fragrances after acquiring the automotive brand’s licence owner INCC Parfums
  3. The Body Shop exploring deal to slash tax bill The deal is dependent on whether The Body Shop can exit administration and return to profitability, which could potentially reduce its corporation tax in the future
  4. Nivea helps push Beiersdorf sales to €4.9 billion in H1 Sun protection was pinpointed as a strong performance segment for the German giant's Nivea, Eucerin and Aquaphor brands
  5. The Body Shop in Denmark files for bankruptcy with 15 stores to close Anders Hoffmann Køningsfeldt, a lawyer at Danish legal services firm Bech-Bruun, has been appointed as administrator

Upcoming event

Cosmetic Product Safety Assessment E-Training: Starting the Assessment

19 April 2024 | Virtual See all

You may also like

Finance

L’Oréal USA promotes Silvia Galfo to President of Luxe Division

Galfo, previously Chief Growth Officer of the beauty group’s US subsidiary, will replace Megan Grant
You need to be a subscriber to read this article.
Click here to find out more.
Body Care

L’Oréal’s strategy to welcome Aēsop to the 'billionaire brand club'

Cyril Chapuy, President of L’Oréal’s Luxe Division, will grow the luxury body care brand’s retail presence in Asia to take it to the next level
Finance

L’Oreal’s inclusive beauty business grant reopens for applications

The beauty giant’s Inclusive Beauty Fund is back, set to award 40 small beauty businesses in the US with financial support
Fragrance

Miu Miu follows sister brand Prada to L’Oréal with licence deal

The luxury fashion house has ended its licence with long-term beauty partner Coty
Finance

L’Oréal misses analysts’ sales predictions after Asia decline

A decline in travel retail and a challenging environment in China has caused the French beauty giant’s sales in North Asia to dip 6.2%
You need to be a subscriber to read this article.
Click here to find out more.
Finance

L’Oréal cracks down on Friday home-working

The French beauty company has allegedly ordered staff globally to come in at least two Fridays per month in a bid to boost in-office numbers
Finance

L’Oréal CEO says remote staff have ‘no passion, no creativity’

L'Oréal currently allows employees to work from home two days a week, a policy implemented shortly after the Covid-19 outbreak
Subscribe now