Beauty & Balance

L’Oréal Launches VC Fund

PARIS — L’Oréal said Wednesday it has launched a venture capital fund, called BOLD, Business Opportunities for L’Oréal Development, which will take minority stakes in start-ups with high growth potential.

The fund is to invest in new business models in marketing, research and innovation, digital, retail, communication, supply chain and packaging, and support the start-ups with the group’s expertise, networking and mentorship.

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