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Fortune
Fortune
Fortune Editors

L’Oréal CEO explains why the 114-year-old beauty company spends a billion euro a year on tech—more than it invests in R&D

(Credit: Courtesy of L'Oreal)

On this week’s episode of Fortune‘s Leadership Next podcast, co-host Michal Lev-Ram talks with L’Oréal CEO Nicolas Hieronimus about L'Oréal's evolution into a "beauty tech" company, and how L’Oréal uses tech both in its consumer-facing products and in its internal R&D operations. He also discusses the luxury brands responsible for L'Oréal's historic 2022 revenue growth, as well as how L’Oréal goes about strategically acquiring brands. Additionally, Hieronimus touches on L'Oréal's sustainability efforts, its use of TikTok to gather consumer feedback and track beauty trends, and how he works to keep L'Oréal's core culture in place, despite having employees scattered all over the world.

Co-host Alan Murray joins for the pre-interview chat. 

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