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Bold
Clichy, 25 May 2022

L’Oréal creates BOLD FEMALE FOUNDERS to invest in start-ups launched by women entrepreneurs

  1. L’Oréal Finance
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The L’Oréal group, the world’s leading beauty player, announces today the launch of the L’Oréal BOLD FEMALE FOUNDERS initiative designed to support female-led startups. It will be developed by its venture capital fund, BOLD Business Opportunities for L’Oréal Development, through a dedicated initial allocation of 25 million euros.

BOLD Female Founders will focus on investment opportunities worldwide across the wider beauty ecosystem, including brands, beauty tech, biotech, and green science. This venture and entrepreneurship funding is aligned with the Group’s strategic commitment to promote gender equity.

“L’Oréal has for many years been committed to women empowerment, through numerous programs and initiatives of the L’Oréal Foundation, such as L’Oréal UNESCO For Women in Science and Women for Climate. BOLD Female Founders aims at promoting the venture funding of women entrepreneurship, that remains at an unbelievably low level. By addressing the inequalities that passionate women founders face in their entrepreneurial journey, we bring our sense of purpose to life: Create the beauty that moves the world”, says Nicolas HIERONIMUS, Chief Executive Officer of L’Oréal. “Today, 30% of the startups of our BOLD venture capital fund are led by women. With BOLD Female Founders, we want to accelerate our venture capital investment to support female entrepreneurship”.

Gouzelle ISHMATOVA, BOLD Chief Strategy Officer, added, “A more inclusive venture capital industry means more opportunities for underrepresented female entrepreneurs. As a matter of fact, startups led by women attract less funding, yet they consistently outperform. With BOLD Female Founders, we want to be a game changer by investing in the creativity and talent of the next generation of female entrepreneurs”.

The L’Oréal group acts to champion the cause of women especially within its ecosystem. This strategic investment by BOLD is the latest step in our longstanding commitment to women’s equity and empowerment.

 

 

About L'Oréal

For over 110 years, L’Oréal, the world’s leading beauty player, has devoted itself to one thing only: fulfilling the beauty aspirations of consumers around the world. Our purpose, to create the beauty that moves the world, defines our approach to beauty as inclusive, ethical, generous and committed to social and environmental sustainability. With our broad portfolio of 35 international brands and ambitious sustainability commitments in our L’Oréal for the Future programme, we offer each and every person around the world the best in terms of quality, efficacy, safety, sincerity and responsibility, while celebrating beauty in its infinite plurality.
With 85,400 committed employees, a balanced geographical footprint and sales across all distribution networks (e-commerce, mass market, department stores, pharmacies, hair salons, branded and travel retail), in 2021 the Group generated sales amounting to 32.28 billion euros. With 20 research centers across 11 countries around the world and a dedicated Research and Innovation team of over 4,000 scientists and 3,000 tech professionals, L’Oréal is focused on inventing the future of beauty and becoming a Beauty Tech powerhouse.
More information on https://www.loreal.com/en/mediaroom

 

 

 

 

"This press release does not constitute an offer of sale or solicitation of an offer to purchase L'Oréal shares. If you wish to obtain more comprehensive information about L'Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our website www.loreal-finance.com. For residents of Israel, the offering described above is made pursuant to the Disclosure Document which may be obtained on the subscription website.
This press release may contain forecast information. While the Company believes that these statements are based on reasonable assumptions as of the date of publication of this press release, they are by nature subject to risks and uncertainties which may lead to a discrepancy between the actual figures and those indicated or suggested in these statements.”

 

 

 

Contacts at L'Oréal

Individual shareholders and market authorities
Christian MUNICH
+33 (0)1 47 56 72 06
[email protected]

Financial analysts and Institutional investors
Françoise LAUVIN
+33 (0)1 47 56 86 82
[email protected]

Media
Noëlle CAMILLERI
+33 (0)6 79 92 99 39
[email protected]

Christine BURKE
+33 (0)6 75 54 38 15
[email protected]

Switchboard: +33 (0)1 47 56 70 00

For further information, please contact your bank, stockbroker of financial institution (I.S.I.N. code:  FR000012031), and consult your usual newspapers or magazines or the Internet site for shareholders and investors, www.loreal-finance.com, the L’Oréal Finance app or call the toll-free number from France: 0 800 66 66 66.

  • Download the news release of 25 May 2022 (PDF 114.42 KB)
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Explore the Annual Report

Our 2022 Annual Report explores the world of beauty – our passion, prowess and profession for over 110 years!

Discover the unique business model, strategy and performance of L'Oréal, the world's leading beauty company.

View the Annual Report
Chairman’s message

Chairman’s message

“More than ever, L’Oréal is driven by tremendous energy.”
Jean-Paul Agon, Chairman of the Board of Directors.
Nicolas Hieronimus Executive Committee

Executive Committee

Nicolas Hieronimus, CEO, talks about L’Oréal’s remarkable performance in 2022 and shares the Group’s ambitions for the future.
Financial performance

Financial Performance

L’Oréal outperformed the market yet again in 2022 and achieved a year of strong, profitable, balanced growth. Discover the Group’s solid financial performance and dynamic shareholder policy.
Social & environmental performance

Social & Environmental Performance

The Group continues to pursue its L’Oréal for the Future sustainability programme: spotlight on 2030 goals and 2022 results, along with the year’s distinctions and highlights.
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