Surprise departure of YSL Beauté head Renaud de Lesquen

There has been surprise across the cosmetics industry at the departure of Renaud de Lesquen as head of YSL Beauté, part of the L'Oréal group. Lesquen became head of YSL Beauté after its acquisition in mid-2008.

News of the departure was confirmed by L'Oréal though no explanation has been forthcoming. YSL Beauté achieves some 95% of sales from perfumes and make-up products and is on the verge of launching a new range of care products in early 2012. Lesquen said last March that the aim was to double YSL's sales over the next five years to around €1bn.

You may also like

Finance

Walmart founder’s daughter dethrones L’Oréal heiress as ‘world’s richest woman’

Alice Walton’s net worth increased to $95bn, placing her one step closer to breaking into the $100bn ‘centibillionaires’ club
Finance

Sephora cuts jobs in China, reflects beauty's wider struggles

The LVMH-owned prestige beauty retailer hired a new Managing Director to boost the China business in April
Skin Care

L’Oréal eyes CeraVe rival with 10% stake in Galderma

The Cetaphil and Restylane owner will also form a scientific partnership with L’Oréal to leverage the French giant’s skin biology department
Finance

L'Oréal half-year sales jump despite China slowdown

Travel retail sales also impacted sales growth in the first half of the year, although L'Oréal has seen signs of improvement in the category
You need to be a subscriber to read this article.
Click here to find out more.
Finance

France election: L'Oréal and LVMH hit by surprise hard-left win

Share prices of the French beauty conglomerates tumbled to the lowest of 2024
Finance

L’Oréal’s Inclusive Beauty Fund supports 40 more businesses

The beauty giant has partnered with GlobalGiving, the NAACP and Hispanic Federation to award its second round of grants
You need to be a subscriber to read this article.
Click here to find out more.
Finance

Exclusive: The biggest beauty brands of 2024 revealed

Which cosmetics brand is this year’s most valuable? And why has the overall value of the top 50 players in beauty declined?
Subscribe now