L'Oréal eyes Medik8 for one billion euros
Specialising in 'anti-ageing' skincare, Medik8 would sit within L'Oréal's dermatological beauty section alongside brands like La Roche-Posay and Vichy, which saw its revenue increase by 3.5 percent in the first quarter, to 2.1 billion euros.
L'Oréal acquired Australian luxury cosmetics brand Aesop in 2023, then valued at 2.5 billion dollars. The French group, which owns brands Garnier, Maybelline and L'Oréal Paris, concluded partnerships the following year with Italian luxury group Prada around the Miu Miu brand and by increasing its stake in the Swiss laboratory Galderma.
Medik8's main shareholder since 2021 has been the investment fund Inflexion, which supported the British brand in the launch of a new research centre and in its development in the US, according to its website.
Founded in 2009 by Briton Elliot Isaacs, Medik8 has over 300 employees and boasts a 'made in the UK' product range. This article was translated to English using an AI tool.
FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Scottish Sun
40 minutes ago
- Scottish Sun
Next generation of Red Arrows jets could be built in Scotland under new plans
And the Government is considering a Russian designed aircraft to replace them MADE IN BRITAIN Next generation of Red Arrows jets could be built in Scotland under new plans Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE next generation of Red Arrows jets could be built in Scotland under plans announced last night. The Qatar-backed start-up Aeralis picked Scotland's Prestwick Airport as its preferred site for assembly of a new jet trainer aircraft. Sign up for Scottish Sun newsletter Sign up The Sun revealed the Red Arrows could run out of Hawk T1 jets as they are due to retire in 2030. And the Government is considering a Russian designed aircraft to replace them. Aeralis is the only UK company to offer the Government a jet trainer aircraft which could be designed and built in Britain. But they are yet to build a prototybe. Ian Forgie, chief executive of Prestwick Airport, said: "We are tremendously excited about this agreement with Aeralis and the opportunity it brings to generate jobs, apprenticeships, investment and innovation in the Prestwick area. "We look forward to working with Aeralis to make this happen." Tristan Crawford, chief executive of Aeralis, said: "Prestwick represents an ideal site for our UK final assembly line." The company said it "awaits UK Government commitment to the aircraft in order to move forward with these plans that will clearly return Scotland to its deserved place as a first-tier aviation nation". The Red Arrows have always flown British jets. But arms giant BAE are in talks with America's Boeing about building a US jet on British soil to replace the Hawk T1. Iconic RAF Red Arrows jets in danger of being replaced by Russian planes loved by Putin in move slammed as 'unthinkable'
Daily Mail
an hour ago
- Daily Mail
Report: Trump threatens EU with 17% tariff on food exports
President Donald Trump has reportedly threatened the European Union with a 17 percent tariff on food exports, a move that could cripple that industry. The threat came ahead of a July 9 deadline to strike a trade deal otherwise the EU faces a 50 percent tax on all its goods going into the United States. EU officials told the Financial Times the new food tax is an escalation between the two trading partners. It was unclear if the 17 percent hit on food and farm exports would be in addition to the other tariffs announced by Trump or instead of them. The value of EU food exports to the U.S., including products such as wine, reached almost $58 billion last year. Should the U.S. and EU fail to cut a deal by next week's deadline, then EU goods imported to the U.S. could be hit by duties of up to 50 percent. That could be swiftly followed by retaliatory measures from European bloc that would target a wide range of American goods, including food stuffs and technology. The U.S.-EU trade relationship is one of the biggest in the world, accounting for around 30 percent of global goods. Key exports from the U.S. to the EU include crude oil, civilian aircraft, and pharmaceutical products. The EU, for its part, exports a wide range of goods to the U.S., including machinery, vehicles, chemicals, and food stuffs. In 2024, trade between the two was valued at around 1.68 trillion euros – or $1.98 trillion. The EU has a surplus of 198 billion euros when it comes to goods, but a deficit of around 148 billion euro in services given the Europeans an overall trade surplus of around 50 billion euros. Trump has repeatedly railed against the European Union, accusing it of taking advantage of the United States. The EU was 'formed to screw the United States,' he has charged repeatedly. Negotiations have been challenging. Reports say the two sides are working on a five-page draft 'agreement in principle', but it has very little agreed-upon text in it. 'What we are aiming at is an agreement in principle,' European Commission President Ursula von der Leyen said on Thursday, adding that a detailed agreement was 'impossible' to reach during the 90-day reprieve. She also warned that, if no agreement is reached, 'all the instruments are on the table.' Treasury Secretary Scott Bessent seemed hesitant about the odds of agreement being reached before the July 9th deadline. 'We'll see what we can do with the European Union,' he told CNBC's 'Squawk on the Street' on Thursday. Talks are continuing over the weekend. EU officials may accept maintaining the 10 percent baseline tariff for most goods in exchange for sectoral exemptions, per reports. The bloc wants immediate relief for pharmaceuticals, aircraft, semiconductors, and alcohol exports – critical industries where supply chains span the Atlantic. European negotiators, however, are not being helped by internal divisions among its 27 members - some nations want to accept higher tariffs in return for a period of certainty and others want to retaliate to put pressure on Trump to compromise. Friedrich Merz, chancellor of Germany, the EU's biggest and most export-dependent economy, has been pressing the commission, which runs trade policy, to settle for a quick deal.
Leader Live
an hour ago
- Leader Live
Preferred candidate for chairman of Climate Change Committee announced
The chairman plays a key role in the committee's work of advising ministers on climate targets and reporting to Parliament on progress made in reducing greenhouse gas emissions. The UK Government, Scottish Government, Welsh Government and Northern Ireland Executive all agreed on Mr Topping as the preferred candidate for the CCC role, Mr Miliband said on Friday. Before any formal appointment, Mr Topping will be questioned by MPs on the energy and environmental audit select committees on July 16. Mr Topping is currently a member of the Climate Change Committee and previously held the position of the UK's high-level climate action champion. Following an 18-year private sector career in emerging markets and manufacturing, he worked as executive director of the Carbon Disclosure Project and chief executive of the We Mean Business Coalition. If approved, Mr Topping will replace interim chairman Piers Forster, a leading climate scientist who succeeded former environment secretary Lord Deben in the role in 2023. Mr Miliband said: 'I am delighted to announce the preferred candidate for chair of the Climate Change Committee – Nigel Topping will bring his extensive experience to this role, having already served on the Climate Change Committee for more than two years and as a UN Climate Change High Level Champion for Cop26. 'The CCC plays a vital role advising the UK and devolved governments on our climate targets and this announcement comes at a crucial time, as we deliver our mission to make Britain a clean energy superpower with good jobs, energy security and growth for the British people. 'Net zero is the economic opportunity of the 21st century and Nigel's strong business background will help us drive growth on the transition to net zero, unlocking opportunities for Britain. 'I look forward to progressing the appointment in the coming weeks along with ministers in the devolved governments.'
