L'Oréal is a French cosmetics company that was founded in 1909 by Eugène Schueller. Schueller, a chemist, developed a hair-color product called "Auréale" and founded the company with the goal of making it widely available to women.
In the 1920s, L'Oréal expanded its product line to include a variety of hair care products, and by the 1930s, the company had become a leader in the French cosmetics market. During World War II, L'Oréal's factories were seized by the German government and the company struggled to survive. However, after the war, L'Oréal quickly regained its position in the market.
In the 1950s and 1960s, L'Oréal began to expand internationally and opened subsidiaries in several countries. The company also acquired a number of smaller cosmetic companies, including Lancôme, Biotherm, and Garnier.
In the 1970s and 1980s, L'Oréal continued to expand its product line and acquired a number of luxury brands, including Ralph Lauren fragrances, Cacharel, and Giorgio Armani. In the 1990s, L'Oréal acquired several American cosmetic companies, including Maybelline and Redken.
Today, L'Oréal is one of the world's leading cosmetics companies, with a presence in more than 130 countries. The company offers a wide range of products, including hair care, skin care, and makeup, and is known for its high-quality, innovative products. L'Oréal continues to expand its product line and acquire new companies to strengthen its position in the cosmetics industry.