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

Research & Development
L'Oréal leads funding round for Chinese biotech company PAM2L

L'Oréal leads funding round for Chinese biotech company PAM2L

L'Oréal’s strategic corporate venture capital fund BOLD said it will leverage its beauty and formulation expertise to explore the broader scientific value of innovative bio-actives via a minority investment in PAM2L Biotechnologies
You need to be a subscriber to read this article.
Click here to find out more.
Finance
How luxury beauty is taking off in travel retail

How luxury beauty is taking off in travel retail

Beauty’s premium players such as L’Oréal and Estée Lauder Companies have been increasingly benefiting from travel retail, as the humble airport creates a shift in consumer shopping habits that is allowing luxury beauty to thrive
Fragrance
L’Oréal hails ‘exceptional’ third quarter 2026 led by dermatological and professional beauty

L’Oréal hails ‘exceptional’ third quarter 2026 led by dermatological and professional beauty

The CeraVe and Kérastase owner’s business grew across all divisions in the third quarter of 2026, with a ‘remarkable’ performances from professional products and dermatological beauty
Finance
L’Oréal Paris USA announces the 2026 class of Women of Worth honourees

L’Oréal Paris USA announces the 2026 class of Women of Worth honourees

The philanthropic initiative, now in its third decade, sees L’Oréal Paris USA recognise ten female nonprofit leaders and fuel their ventures with grants, mentorships and national visibility
You need to be a subscriber to read this article.
Click here to find out more.
Finance
British Beauty Council’s new Impact of Beauty report outlines social and cultural value of UK beauty

British Beauty Council’s new Impact of Beauty report outlines social and cultural value of UK beauty

The British Beauty Council’s Impact of Beauty report, produced with Oxford Economics and supported by L’Oréal, reveals how beauty is not a trivial luxury but the ‘beating heart’ of the UK high streets. Council CEO Millie Kendall explains why beauty and wellbeing are so intrinsically linked for Brits in this opinion piece
Ingredients
L'Oréal allegedly explores unloading talc-related liabilities

L'Oréal allegedly explores unloading talc-related liabilities

The beauty giant strongly contests the claims made in approximately 760 pending proceedings related to the alleged presence of asbestos particles in certain talc-containing cosmetic products. According to a new report, L’Oréal has allegedly tapped advisors Weil Gotshal & Manges and investment bank Ducera Partners
Finance
Armani stake sale inches closer as L’Oréal and LVMH talks reported to begin

Armani stake sale inches closer as L’Oréal and LVMH talks reported to begin

The sale of a 15% stake in the Armani Group within 18 months of founder Giorgio Armani’s death was set out in the fashion designer’s will, with L’Oréal and LVMH named among the preferred buyers
Subscribe now