Luxe

With a unique portfolio of 25 desirable and complementary brands, L’Oréal Luxe pushes the boundaries to craft the very best in luxury beauty. By combining exceptional expertise – at the intersection of science, technology and art – and disruptive innovation, the Division continues to create a lasting relationship with consumers worldwide, reinforcing its position as the global leader in luxury beauty.

Cyril Chapuy

President, Luxe

“As the global leader in the luxury beauty market, we have a great responsibility to think ahead, driving change and innovation for the industry.”

  • No. 1 in luxury beauty worldwide
    No. 1 in luxury beauty worldwide
  • No. 1 in the United States for the first time
    No. 1 in the United States for the first time
  • 14th consecutive year of outperforming the market
    14th consecutive year of outperforming the market
  • +14% growth in fragrance sales
    +14% growth in fragrance sales

2024 Performance

L’Oréal Luxe grew +2.7% like-for-like, +4.5% reported.

In 2024, the Division reinforced its worldwide leadership in Luxury Beauty. The Division’s solid progress reflected its increasingly balanced regional footprint. Outside North Asia, it grew at a remarkable, double-digit pace. The single largest growth contributor was North America, where it became the number one luxury beauty player for the first time, a position it already holds and further consolidated in China, Europe and emerging markets. This allowed the Division to more than offset the ongoing softness in North Asia, where operating conditions remain challenging and where it continued to grow ahead of the market both offline and online, driven by the successful expansion of its couture brands Prada and Valentino – recently launched in the region – and its latest acquisitions, Aēsop and Takami. The Division continued to strengthen the balance between its categories. In fragrances, outstanding momentum was driven by global successes in both the feminine and masculine segments. Makeup growth accelerated thanks to the ongoing strength of  Yves Saint Laurent in Western markets as well as China. In skincare, Aēsop, Takami and Youth to the People pursued their globalisation strategy with very encouraging results.

Highlights

Fragrance – a sensory embodiment of our “Culture de l’Écart”

Fine fragrance is experiencing unprecedented growth. In this highly dynamic category, the Luxe Division continues to disrupt and elevate, delivering spectacular results and affirming its leadership position. This success is deeply rooted in our unique culture, which we call “la Culture de l’Écart” : a constant quest to think differently, find the twist, the extraordinary, in everything we do, and always surprise our consumers.

Our diverse portfolio – from lifestyle scents to couture creations and super premium collections – fulfils all fragrance aspirations of luxury consumers. These include bestselling feminine and masculine blockbusters such as Yves Saint Laurent’s Libre and MYSLF, Prada Paradoxe, Valentino’s Born in Roma Donna and Uomo and Azzaro Wanted. In addition, the Division offers a super-luxury approach with the exquisite sensory universe of Aēsop and exclusive collections from Maison Margiela, Valentino Anatomy of Dreams, Armani Privé and Lancôme Absolue Les Parfums. All our iconic fragrances are the result of our proven savoir-faire, harmoniously integrating scent composition, bottle design and highly aspirational storytelling.

L’Oréal preserves the French fragrance heritage, crafted by our olfactory experts and produced in our Aulnay-sous-Bois and Gauchy facilities in France, continuously innovating to create unforgettable bottles and olfactive creations. Thanks to our partnership with Cosmo International Fragrances, we used the slow, waterless and low-energy extraction process Osmobloom to obtain the tuberose extract in Valentino’s Private Talk juice, part of the Anatomy of Dreams collection.

Shaping the beauty universe of couture brands

L’Oréal Luxe excels in translating the DNA of couture houses into beauty products and experiences, showcasing brands with exponential potential. From Yves Saint Laurent’s rock, cutting-edge energy to Valentino’s refined stud detailing and the elegant textures of Armani, each brand expresses its unique identity through distinct beauty codes, highlighted in the science of our formulas, packaging design and consumer experience excellence.

In the dynamic luxury makeup category, the Division has fuelled consumer desirability through powerful launches such as Loveshine by Yves Saint Laurent that has accelerated the brand’s growth worldwide, while remaining the No. 1 makeup brand in China. Prada and Valentino continue to make consumers dream with their innovative creativity, superb colour palettes and sophisticated packaging. Couture skincare products have also demonstrated how L’Oreal Luxe combines state-of-the-art science with the aspirational appeal of our couture brands, using high-quality ingredients linked to our brand universes, like Moroccan saffron in Yves Saint Laurent’s Or Rouge or Reviscentalis in Armani’s Crema Nera.

The luxury beauty experience is enhanced by each consumer touchpoint. From retail spaces to social media and pop-up stores, every interaction tells a story, immersing the consumer in the brand’s memorable universe. Our expertise in couture brands is confirmed by the trust Miu Miu has placed in L’Oréal in granting us its licence, following the success of Prada Beauty.

Omnichannel approach for lifelong consumer connections

An omnichannel strategy is central to how L’Oréal Luxe brings consumers exceptional products and memorable experiences. From beauty advisors to online services, every interaction along the customer journey aims to fulfil consumer aspirations and build lasting relationships that strengthen consumer engagement and loyalty.

Aēsop’s boutiques, with their unique concept and design, are conceived as cultural destinations, where the poetry of the surroundings weaves an emotional connection with consumers. In 2024, the brand opened 42 new doors globally, including 13 in China, and this dynamic expansion will continue in 2025.

The unique relationship with consumers is also cultivated online through tailormade strategic partnerships. The exclusive launch of Lancôme’s La Vie Est Belle Rose Extraordinaire and Kiehl’s introduction to the Amazon Premium Beauty Store in the US confirm this winning strategy. Kiehl’s ranked third in luxury skincare on the platform and has won over a wider male audience – a complement to its direct-to-consumer approach.

Social commerce, especially in China, has become a key lever for engaging young consumers. With aspirational content and carefully chosen influencer collaborations, Yves Saint Laurent has achieved remarkable success, ranking No. 1 in makeup and No. 5 in fragrances in the luxury segment.

Reinventing the gestures of luxury beauty: the refill revolution

The essence of luxury is to create beautiful objects that are made to last. L’Oréal Luxe is reinventing the codes of luxury beauty through innovative, desirable and more sustainable products. We rigorously measure the environmental impact of our new launches and renovated products throughout their lifecycle and encourage consumers to adopt more responsible consumption.

The Division is advancing the development of refillable products in fragrance, skincare and makeup, constantly increasing the visibility of refills all along the consumer journey – in advertising, on e-commerce platforms and in-store with multi-brand fragrance refill fountains. We are also accelerating on developing refills across our best-selling products such as Lancôme La Vie Est Belle, Yves Saint Laurent Libre, Prada Paradoxe, Lancôme Génifique Ultimate Serum and Kiehl’s Ultra Facial Cream. By leveraging the aspirational power of our brands and the influence of ambassadors like Emma Watson for Prada, Austin Butler and Dua Lipa for Yves Saint Laurent we are making refills “the new normal”.

Our brands