L'Oreal

Intro and history: Founded in 1909 by Eugène Schueller, a young chemist who developed a hair dye formula called Oréale, L'Oréal has evolved from a small business into the world's largest cosmetics company. Schueller formulated and manufactured his own products, which he then sold to Parisian hairdressers. Today, L'Oréal is a multinational company with a vast portfolio of brands and products. Industry: Cosmetics and Beauty Product, Services and Operations: L'Oréal offers a diverse range of beauty products including skincare, haircare, makeup, and fragrances. The company operates through several well-known brands such as Lancôme, Maybelline New York, Garnier, and Kiehl’s. It also provides professional products for hair salons and beauty parlors. Funding Details: As a publicly-traded company, L'Oréal's funding comes from its shareholders. As of 2021, its market capitalization is approximately €150 billion. Acquisitions: L'Oréal has made several notable acquisitions including NYX Cosmetics, Urban Decay, and IT Cosmetics. The company also owns a 10% stake in the pharmaceutical company, Sanofi. Awards and Achievements: L'Oréal has received numerous awards for its commitment to sustainability, diversity, and innovation. In 2020, it was recognized as one of the World's Most Ethical Companies by Ethisphere for the 11th time.