Finance
L'Oreal eyes further growth in Germany
Published by Global Banking & Finance Review®
Posted on January 21, 2026
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 21, 2026
1 min readLast updated: January 21, 2026
L'Oreal identifies growth opportunities in Germany's beauty market, investing in Galderma and considering Armani. The market grew 20% despite economic stagnation.
Jan 21 (Reuters) - French cosmetics giant L'Oreal sees further growth potential in Germany, the business media outlet Capital reported on Wednesday.
"The German economy has barely grown in the last three years, but the local beauty market has grown by 20%," group CEO Nicolas Hieronimus said in an interview with the magazine.
Average spending on beauty products in Germany, however, is still below the European average - "which is an opportunity for us," Hieronimus said.
L'Oreal has recently invested in the booming market for injectable cosmetics, increasing its stake in skin care firm Galderma in December, just two months after it agreed to pay 4 billion euros ($4.7 billion) for Kering's beauty business.
It has also said it will study a potential investment in Armani.
It will consider all the options when making an offer, its CEO told Capital.
($1 = 0.8530 euros)
(Reporting by Linda Pasquini. Editing by Mark Potter)
Market potential refers to the maximum sales volume that a product or service can achieve in a specific market under ideal conditions.
Investments are assets or items acquired with the goal of generating income or appreciation. They can include stocks, bonds, real estate, and other financial instruments.
Beauty products are items used for personal care, including cosmetics, skincare, haircare, and fragrances, aimed at enhancing appearance.
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