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Fortune

Peter Vanham

L’Oréal's CEO is betting on radical innovation in the age of AI

Nicolas Hieronimus LOréal Fortune Peter Vanham

(Credit: Benjamin Girette—Bloomberg via Getty Images)

In today’s CEO Daily: Peter Vanham on L’Oréal’s radical innovation.
The big story: Former Sen. Loeffler’s quiet financial holdings.
The markets: Glum over trade prospects and Mideast tensions.
Analyst notes from UBS, BofA, and Deutsche Bank.
Plus: All the news and watercooler chat from Fortune.

Good morning. Peter Vanham writing from Geneva. L’Oréal has been in the beauty business since 1909, but these days the company—No. 348 on the Fortune Global 500—is squarely in the innovation business. The French cosmetics company has long been known for its iconic brands like Lancôme, Garnier, and Maybelline. But in today’s competitive global landscape, its CEO Nicolas Hieronimus told me recently, that radical innovation is propelling the company forward, with new products totaling 10-15% of its global business each year.

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