TAGS: Sustainability / Natural Cosmetics
Skin Care
L’Oréal signs an agreement to acquire Youth to the People, an American skincare company based in California. Youth to the People develops and markets high-performance skincare products known for formulas that combine premium vegan blends of superfood extracts and science.
Plant-based Innovative Active Ingredients
Youth to the People was founded in Los Angeles in 2015 by two cousins, Greg Gonzalez and Joe Cloyes. The brand is inspired by their grandmother, Eva, who started a professional skincare line 40 years ago, utilizing plant extracts and innovative active ingredients. The brand’s growth has been supported by its investors, Sandbridge Capital, Strand Equity and Carisa Janes.
Commented on the acquisition, Cyril Chapuy, president of L’Oréal Luxe, said, “
We are very pleased to welcome Youth to the People brand, its founders and fantastic teams. Because of its solid reputation and remarkable product quality, Youth to the People is a favorite among all genders. Its skincare expertise based on healthy, vegan, high-efficacy formulas make it a very strategic addition to L’Oréal Luxe.”
Stéphane Rinderknech, president North America & Chief Executive Officer L'Oréal USA, added, “
We have been inspired by the passion and vision of the brand’s two founders, Joe Cloyes and Greg Gonzalez, in bringing the best of the health-conscious, California lifestyle to high performance beauty.”
Joe Cloyes, founder & CEO, and Greg Gonzalez, Founder & CBO, of Youth to the People, said, “
We founded Youth to the People to continue our family’s legacy of making skincare and to inspire and represent our community. Joining the L’Oréal family gives us the opportunity to realize all the dreams of Youth to the People. Our brand’s mission is to make high-performance skincare using vegan ingredients with practices that are good to the planet and good to the people. We’re beyond excited about this partnership and the opportunity to amplify our shared values of investing in a just and sustainable future for all.”
The closing is subject to the standard regulatory approvals and other customary conditions.
Source: L’Oréal