L’Oréal announces a new strategic partnership with Israeli climate tech company BreezoMeter to uncover insights around exposome and skin
LOréal announces today a new multi-year research and tech partnership with one of the worlds most innovative and accurate climate tech companies, BreezoMeter. Based in Israel, BreezoMeter is a leader in the space of environmental information about air quality, pollen and fires. Its main goal is to improve the health and safety of billions of people worldwide by providing accurate and actionable environmental data and insights.
Through this multi-year partnership, LOréal and BreezoMeter will combine their expertise both in the science of aging and the environment with the aim to develop an exclusive beauty-driven exposome platform. The partnership will uncover new insights around how the environment effects skin aging, and ultimately provide new services to consumers that can accompany their skin needs all over the world with personalized routines and lifestyle advice.
We are very excited to enter into this long-term and strategic partnership with BreezoMeter, a world leader in climate tech. In combining our historical expertise in skincare science with BreezoMeters innovative technology platform, we will provide our consumers all around the world new services and actionable advice in their skin routines to combat the effects of the environment, says Barbara Lavernos, Deputy Chief Executive Officer, in Charge of Research, Innovation and Technology.
Strengthening our collaboration with a world air quality leader BreezoMeter is crucial to unlock the links between skin aging and environmental exposures, such as allergens, UV, and pollution. This will allow us to provide new services that can bring the most precise and personalized skin routines, lifestyle advice, and ultimately help people live healthier lives in every external environment they live, says Guive Balooch, Global Head of Research and Innovations Tech Incubator.
At BreezoMeter we are thrilled to continue and grow our partnership with the worlds top beauty company, LOreal. Their deep values around science, tech, and innovation are very in line with ours around air quality and environmental sciences. We are very excited to see the two come together and bring new insight and products around the impact of the environment on skin aging, declared Ran Korber, CEO of BreezoMeter.
About LOréalLOréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 35 diverse and complementary brands, the Group generated sales amounting to 27.99 billion euros in 2020 and employs 85,400 people worldwide. As the worlds leading beauty company, LOréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce.
Research and innovation, and a dedicated research team of 4,000 people, are at the core of LOréals strategy, working to meet beauty aspirations all over the world. LOréal sets out ambitious sustainable development goals across the Group for 2030 and aims to empower its ecosystem for a more inclusive and sustainable society.
More information on https://www.loreal.com/en/mediaroom
[i”This press release does not constitute an offer of sale or solicitation of an offer to purchase LOréal shares. If you wish to obtain more comprehensive information about LOréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our website www.loreal-finance.com.[/i]This press release may contain forecast information. While the Company believes that these statements are based on reasonable assumptions as of the date of publication of this press release, they are by nature subject to risks and uncertainties which may lead to a discrepancy between the actual figures and those indicated or suggested in these statements.
For further information, please contact your bank, stockbroker of financial institution (I.S.I.N. code: FR000012031), and consult your usual newspapers or magazines or the Internet site for shareholders and investors, www.loreal-finance.com, the LOréal Finance app or call the toll-free number from France: 0 800 66 66 66.