The letter to shareholders - N°86 Winter 2023

Report

REPORT

L’ORÉAL, FRENCH CHAMPION AND WORLD NUMBER ONE

Le Visionnaire is the ideal bridge between the past and the future of L’Oréal. The space reflects our values and our absolute belief in innovation and our love of cultural transmission. The futuristic quality of its architecture invites audacity and an avant-garde spirit, with one ambition: to cultivate together our ability to constantly reinvent ourselves, in order to adapt for a changing world. The L’Oréal adventure will continue to write itself here, in the place where it all started.
JEAN-PAUL AGON, Chairman of the Board of Directors of L’Oréal

Le Visionnaire – Espace François Dalle

Inaugurated on 28 September 2023 after two years of construction and transformation, this 4,200 m2 space nestles within L’Oréal’s historical headquarters. It invites visitors to explore an entirely new universe devoted to conveying the culture, inspiration and creativity in shaping the future of beauty.

Le Visionnaire is a feat of architecture, technology and entrepreneurship, and the perfect embodiment of the L’Oréal soul. Like François Dalle, who demonstrated his taste for adventure and challenge, the project was born from the ideas and creative spirit of all those who take part in the L’Oréal adventure. The site, at 14 Rue Royale in Paris, is dedicated to welcoming L’Oréal employees and partners from all over the world. Le Visionnaire also serves as a showcase for the new Hairdressing Academy, highlighting L’Oréal’s original métier, offering a highly digitalised training space to share cutting-edge expertise and a unique experience.

Vennecy inauguration: at the cutting-edge of tech and sustainability commitments

With its strategic, scientific and industrial presence, L’Oréal is an essential player in the economic development and influence of France. In September, L’Oréal France inaugurated a new 35,000 m2 facility at the Vennecy Cosmetic Park to better serve clients of the Consumer Products and Luxe Divisions. Its product assembly approach enhances agility and limits the site’s energy footprint while reducing road transport and optimising energy and waste management.

Showcasing eco-friendly developments, this Vennecy hub has earned the BREEAM EXCELLENT rating, an international standard used to assess the environmental impact of buildings, and LEED GOLD certification, which is awarded to green architecture and buildings that attain high environmental quality.

94,000jobs generated in France(1)

We employ 15,000 people in France, where we have 11 manufacturing plants that make products sold around the globe. We also generate another 79,000 indirect and induced jobs across our value chain.

(1) Data collected by L’Oréal and used by the Asterès Impact Model to assess the full extent of L’Oréal’s economic footprint in France (including products sold in the domestic market and exported), based on data from INSEE’s “supply and use” tables. The model quantifies the economic impact over four years based on 2022 expenditure.