Beauty titan L’Oreal banks on technology
A massive database and huge R&D investments propel its beauty tech
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE market for beauty may vary greatly from one country to another, and even within the same country. Yet, what every beauty consumer is seeking are solutions, and the biggest cosmetics company in the world believes the answers lie in technology, personalisation and sustainability.
“Technology has been very disruptive and has a very strong impact on all industries, including beauty,” says Vismay Sharma, L’Oreal’s president of its South Asia-Pacific, Middle East and North Africa zone.
He was speaking to The Business Times at L’Oreal’s recent inaugural Singapore Showcase, where it exhibited some of its latest beauty tech innovations and announced a series of new initiatives with Singapore universities.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report