A new fund head to innovative startups is launched by L’Oreal
As the one of the most leading beauty brands in France, L’Oreal always try to looking for models of business invests, specializing in marketing, R&I, digital, retail, communication, supply chain and packaging. But this is the first time L’Oreal made a investment that aim to ‘innovative startups with high growth potential’. For more details, please follow this article below.
L’Oreal is always’s trying to find the best way to promote beauty and cosmetics industry/globalcosmeticsnews.com
BOLD Business Opportunities for L’Oreal Development – A nursery for innovative and daring ideas
With the name is BOLD Business Opportunities for L’Oreal Development, this is the most meaning investment that L’Oreal ever made, and the first thing they do with this fund is purchase of a minority stake in Sillages Paris, a French startup specializing in online customizable fragrances using AI technology.
L’Oreal always has goals and plans, planning for their capital and this time is no exception. With a focus on the development of the beauty and cosmetics industry, L’Oreal is eager to look for innovative and reckless ideas, thus nurturing wisdom and opening up the strategic vision for companies – startup organizations is what they can do with this venture fund. Thereby, start – up organizations will have the opportunity to work with business organizations, who are partners of LOreal like Founders Factory, Partech International Ventures, Station F and Raise Ventures.
Jean-Paul Agon – the Chairman and Chief Executive Officer of L’Oreal has expressed his wish through the speaking about the new fun, as head of L’Oreal. He argues that the Bold Foundation is not just a investing in start-up organizations, the emergence of this venture fund will maintain long-term sustainability between LOreals partners as well as startup organizations. Young in people from start-up organizations will be fully utilized based on the support of broad vision of the entire industry that the Bold Foundations working environment provides.
So, it can say that BOLD Business Opportunities for L’Oreal Development is an incubator for innovative and daring ideas that will help LOreal promote the industry by invests new ideas early in the early stages.
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