L'Oréal reorganises its management in India to support growth
This change in management comes at a time when the French cosmetics giant is aiming to more than double its business in India over the next few years. This ambition is underpinned by the rapid growth of the country's beauty market, fuelled by the emergence of an expanding middle class and increased demand for cosmetics and skincare products.
Jacques Lebel was previously general manager of L'Oréal's Consumer Division in Mexico. Prior to joining L'Oréal, he held marketing and general management positions at Procter & Gamble and AB InBev.
Aseem Kaushik, meanwhile, will take on the role of president of L'Oréal India, with a mandate focused on corporate reputation, public affairs, institutional relations, and CSR initiatives.
Present in India since 1994, L'Oréal today boasts a varied portfolio, ranging from consumer brands such as L'Oréal Paris, Maybelline New York, and Garnier, to luxury brands such as Lancôme, Kiehl's, and Yves Saint Laurent Beauté.
L'Oréal produces 95% of what it sells in India locally, at a rate of around 500 million units a year. A significant proportion of this production is exported, notably to the Gulf States.
In an exchange with the press, L'Oréal CEO Nicolas Hieronimus reaffirmed the strategic importance of India for the group. "We intend to expand our factories, increase our production capacities, and strengthen our exports", he declared last June.
The company has also stepped up its investments in the local ecosystem, recently acquiring stakes in two emerging Indian brands - Deconstruct (skincare) and Arata (haircare) - via its Bold investment fund dedicated to innovative start-ups in the sector.
The Indian beauty market could reach $30 billion (€28.8 billion) by 2027.
This article is an automatic translation. Click here to read the original article.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Network
2 hours ago
- Fashion Network
Melanin-rich skin beauty brand Ami Colé to close
Black-owned beauty brand Ami Colé has announced plans to shutter operations this September, with brand founder Diarrha N'Diaye-Mbaye saying she couldn't compete with "the deep pockets of corporate brands." N'Diaye-Mbaye, who founded Ami Colé in 2021, cut her teeth at L'Oréal and Glossier before creating her minimalist makeup brand for "melanin-rich skin." In the last four years, Ami Colé drew investments from L'Oréal's Bold venture capital arm, True Beauty Ventures, Imaginary Ventures, Greycroft and Debut Capital. In 2022, the brand inked a milestone retail partnership with LVMH -owned beauty retailer, Sephora, across the U.S. and Canada. In 2024, at the time of its L'Oréal investment, the brand was said to have grown its revenue 75 percent the previous year, according to a press release. In a letter written for The Cut, N'Diaye-Mbaye said that part of her company's downfall was competition from more prominent companies that had bigger financial backing. 'I couldn't compete with the deep pockets of corporate brands; at retail stores, prime shelf space comes at a price, and we couldn't afford it," she said. The entrepreneur went on to thank her fans and investors via her brand's Instagram account. "After four powerful and soul-stretching years, l've made the hard decision to wind down Ami Colé. What started as a mission to create clean beauty for melanin-rich skin became a movement and a metaphoric home for so many of you (just like what my mother built with her salon). We were a brand rooted in purpose, storytelling, and the bold celebration of who we are," said N'Diaye-Mbaye. "Let's not forget bomb ass products! This moment is bittersweet. You've witnessed me start from a sketch in my Brooklyn apartment to the shelves of every Sephora in North America in four years. Thank you for everything you've taught me about living your dreams out loud." The announcement comes after beauty heavyweights Estée Lauder, Coty, and Shiseido Americas announced plans to reduce their workforce, signalling industry-wide headwinds.
Fashion Network
4 hours ago
- Fashion Network
Melanin-rich skin beauty brand Ami Colé to close
Black-owned beauty brand Ami Colé has announced plans to shutter operations this September, with brand founder Diarrha N'Diaye-Mbaye saying she couldn't compete with "the deep pockets of corporate brands." N'Diaye-Mbaye, who founded Ami Colé in 2021, cut her teeth at L'Oréal and Glossier before creating her minimalist makeup brand for "melanin-rich skin." In the last four years, Ami Colé drew investments from L'Oréal's Bold venture capital arm, True Beauty Ventures, Imaginary Ventures, Greycroft and Debut Capital. In 2022, the brand inked a milestone retail partnership with LVMH -owned beauty retailer, Sephora, across the U.S. and Canada. In 2024, at the time of its L'Oréal investment, the brand was said to have grown its revenue 75 percent the previous year, according to a press release. In a letter written for The Cut, N'Diaye-Mbaye said that part of her company's downfall was competition from more prominent companies that had bigger financial backing. 'I couldn't compete with the deep pockets of corporate brands; at retail stores, prime shelf space comes at a price, and we couldn't afford it," she said. The entrepreneur went on to thank her fans and investors via her brand's Instagram account. "After four powerful and soul-stretching years, l've made the hard decision to wind down Ami Colé. What started as a mission to create clean beauty for melanin-rich skin became a movement and a metaphoric home for so many of you (just like what my mother built with her salon). We were a brand rooted in purpose, storytelling, and the bold celebration of who we are," said N'Diaye-Mbaye. "Let's not forget bomb ass products! This moment is bittersweet. You've witnessed me start from a sketch in my Brooklyn apartment to the shelves of every Sephora in North America in four years. Thank you for everything you've taught me about living your dreams out loud." The announcement comes after beauty heavyweights Estée Lauder, Coty, and Shiseido Americas announced plans to reduce their workforce, signalling industry-wide headwinds.
Fashion Network
4 hours ago
- Fashion Network
Melanin-rich skin beauty brand Ami Colé to close
Black-owned beauty brand Ami Colé has announced plans to shutter operations this September, with brand founder Diarrha N'Diaye-Mbaye saying she couldn't compete with "the deep pockets of corporate brands." N'Diaye-Mbaye, who founded Ami Colé in 2021, cut her teeth at L'Oréal and Glossier before creating her minimalist makeup brand for "melanin-rich skin." In the last four years, Ami Colé drew investments from L'Oréal's Bold venture capital arm, True Beauty Ventures, Imaginary Ventures, Greycroft and Debut Capital. In 2022, the brand inked a milestone retail partnership with LVMH -owned beauty retailer, Sephora, across the U.S. and Canada. In 2024, at the time of its L'Oréal investment, the brand was said to have grown its revenue 75 percent the previous year, according to a press release. In a letter written for The Cut, N'Diaye-Mbaye said that part of her company's downfall was competition from more prominent companies that had bigger financial backing. 'I couldn't compete with the deep pockets of corporate brands; at retail stores, prime shelf space comes at a price, and we couldn't afford it," she said. The entrepreneur went on to thank her fans and investors via her brand's Instagram account. "After four powerful and soul-stretching years, l've made the hard decision to wind down Ami Colé. What started as a mission to create clean beauty for melanin-rich skin became a movement and a metaphoric home for so many of you (just like what my mother built with her salon). We were a brand rooted in purpose, storytelling, and the bold celebration of who we are," said N'Diaye-Mbaye. "Let's not forget bomb ass products! This moment is bittersweet. You've witnessed me start from a sketch in my Brooklyn apartment to the shelves of every Sephora in North America in four years. Thank you for everything you've taught me about living your dreams out loud." The announcement comes after beauty heavyweights Estée Lauder, Coty, and Shiseido Americas announced plans to reduce their workforce, signalling industry-wide headwinds.
