Loreal Company Background

Company primer coat Fresh out of a French chemical engineering school, boyish entrepreneur Eugene Schueller developed a hair dye with hues hairdressers throughout capital of France couldnt resist. The one-product venture he launched in 1909 has since grown into the beingnesss largest cosmetics fraternity LOreal. LOreal began its global expansion during the second half of the 20th Century, and now offers hair care, hair color, uncase care, makeup, and fragrances in cxxx countries.Its 23 brands include pharmacy staples LOreal, Garnier, and Maybelline, as well as upscale brands Yves Saint Laurent, Redken, and the Kiehls skin care line. LOreal latterly expanded its produce suite by acquiring the dermatological smash care brand Skinceuticals in 2005, and retail store The Body grass over the following year. Today, the company employs more than 65,000 people in eight departments operations, finance, knowledge systems and technology, marketing, business and sales, communication, h uman resources, as well as research and development. more(prenominal) than 2,900 specialists work in LOreals R&D department, which studies skin and hair and uses its findings to develop safer and more effective products to enhance beauty and defend skin. The R&D specialists working in the companys 18 research centers have backgrounds in 30 fields, including chemistry, biology, medicine, physics, physical chemistry, and toxicology. LOreal develops more than 3,000 bleak formulas per year. LOreals perpetration to diversity, integrity, responsibility and respect for people and the surround earned it a place on Ethisphere Magazines rankings of the worlds most ethical companies in 2007.Its products reflect a commitment to serving the needs of diverse populations, including men and African Americans. In 2001, the company launched Mizani, a hair care brand developed specifically for unequaled ethnic hair types. For corporate social responsibility, the company has enacted several confed eracy and environmental programs, from providing employment opportunities to disabled students in Taiwan to reducing piss and energy usage at factories around the world to creating an HIV/ support support and education program for employees in South Africa.