L’Oréal Paris sets sights on €10 billion revenue target

L’Oréal Paris is pursuing an ambitious goal of reaching €10 billion in revenue under its new global brand president. Laetitia Toupet outlined the strategy during the Cannes Film Festival, where the brand maintains a prominent presence.

Laetitia Toupet, who joined L’Oréal Paris in July 2025 after leading La Roche-Posay to the €1 billion milestone, expressed confidence in the plan. “We’re aiming for €10 billion,” she said. “We’re confident. We are the number one global brand. We’ll get there with a very clear strategy, a strong brand mission, and very powerful innovations.” The brand recorded revenues above €7 billion in 2023 and achieved mid-single-digit growth in 2025 after expanding 9 percent the prior year.

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L’Oréal Group posted a 7.6% like-for-like revenue increase to €12.2 billion in the first quarter of fiscal 2026, exceeding analyst expectations. The results marked an acceleration from the previous quarter. CEO Nicolas Hieronimus credited innovation and e-commerce strength for global market share gains.

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Puig, the Spanish beauty conglomerate, announced a 4.7% like-for-like revenue increase to €1.2 billion in the first quarter of 2026. The company outperformed the premium beauty market amid challenges in key regions. CEO Jose Manuel Albesa highlighted strong growth in makeup and skincare.

Ralph Lauren reported strong financial results for the fourth quarter and full fiscal year, surpassing revenue expectations and crossing the $8 billion mark for the first time. The company credited consumer loyalty and strategic execution for the gains across key regions.

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Industry leaders met at the Château du Chantilly near Paris for the two-day Vogue Business Global Summit. Discussions focused on luxury retail, AI applications, and emerging growth markets amid ongoing industry changes.

 

 

 

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