News

Stores

Staff Reporter

, China

Published:

6 months ago

Photo by Karolina Grabowska: https://www.pexels.com/photo/bottles-and-jars-of-skincare-products-on-table-7321507/

L’Oréal invests in China-based biotech company

This partnership will allow L’Oréal to solve the incompatibility and instability of raw materials.

L’Oréal, through Shanghai Meicifang Investment Co., Ltd., made a minority investment in China-based innovation-led biotech company Shinehigh Innovation for a long-term partnership to jointly develop new and sustainable beauty solutions.

In a statement, L’Oréal said the investment will allow the company to “unlock the full potential of raw materials” to overcome limitations such as incompatibility, instability and delivery to produce innovative skin, hair and scalp formulations.

“The fast-paced and unique ecosystem of startups in China is an incredibly important enabler of our future strategy of innovation at L’Oréal. This is why we are extremely excited to pursue this new investment and partnership with one of these highly innovative Chinese Biotech Startups: SHINEHIGH,” said Barbara Lavernos, Deputy CEO of L'Oréal Groupe in charge of Research, Innovation and Technology.

ALSO READ: L’Oréal completes Aesop acquisition

“This partnership will enable us, thanks to their world-leading application of supramolecular technology in the beauty industry, to bring breakthrough new performances to the beauty market. We are delighted to enter this exclusive beauty partnership with the pioneering team of SHINEHIGH,” Lavernos added.

Launched in 2017 by scientist Jiaheng Zhang, start-up Shinehigh Innovation specialises in cutting-edge supermolecular chemistry. It is equipped with a smart self-assembling technology that enables previously impossible ingredient combinations, crafting sustainable products.

Follow the link for more news on

L'Oreal

Also Read

Sephora launches DRUNK ELEPHANT in Mainland China

Chanel tops South Korea's luxury market

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

How Gen Z's thirst for innovation shapes cocktail culture

Gen Z consumers report higher spending on pubs, clubs, or bars.

2 days ago

FairPrice Group offers over $4.5m in May Day discounts

From 25 April, union members get a 50% discount on selected essential items for three weeks.

2 days ago

Sephora launches DRUNK ELEPHANT in Mainland China

It is now accessible in Sephora stores located in major cities such as Beijing, Shanghai, Guangzhou, and Chengdu.

Fashion

2 days ago

Chanel tops South Korea's luxury market

It surpassed Louis Vuitton with sales of $1.2b (KRW1.7t).

Fashion

2 days ago

Exclusives

ZALORA ramps up sustainability amidst rising demand for eco-products

Customers of ZALORA who shop for sustainable products are increasing year by year.

4 days ago

Two reasons why Zalora’s fulfilment centre skipped futurism

ZALORA’s strategy enables the processing of up to 200,000 orders daily.

E-commerce

4 days ago

Brand-building for Unilever International goes beyond consumer care

The brand’s innovative practices benefit both consumers and workers.

Stores

Rise of minimarts compels large-format stores to rethink growth strategy

Their focus should shift towards customer density instead of store scale.

Stores

Event News

EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences

Co-Written / Partner

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.

Key figures at Seamless Asia fan e-commerce excitement over AI

Co-Written / Partner RSM's David Eu offers insights on e-commerce, technology, and collaborative innovation driving retail transformation

Co-Written / Partner Euromonitor’s Hiromi Yamaguchi: Loyalty programmes, digital integration vital amidst evolving consumer expectations

Co-Written / Partner EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.