🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

L'Oreal firm to provide virtual make-up tech for Amazon

Published 2019-06-04, 09:00 a/m
© Reuters.  L'Oreal firm to provide virtual make-up tech for Amazon
OREP
-
AMZN
-
META
-

* ModiFace to provide make-up testing technology to Amazon

* L'Oreal bought Canadian firm ModiFace last March

* Amazon has launched its own 'Belei' beauty and skincare line

PARIS, June 4 (Reuters) - L'Oreal OREP.PA 's virtual reality business ModiFace will provide make-up testing technology to Amazon AMZN.O , the French beauty group said on Tuesday, allowing customers of the shopping site to try on lipsticks using mobile phone videos or photos.

The contract goes beyond make-up tests solely for L'Oreal's own brands, which include Maybelline and Lancome, but is limited to lipsticks for now.

The companies did not provide any financial details. The service will launch in the United States and Japan in mid-2019.

L'Oreal bought ModiFace in March 2018 as it invests in technology, develops "smart" sensory brushes that tell people how to care for their hair or virtual tests for a generation of "selfie"-obsessed consumers.

The Canadian company specialises in augmented reality and artificial intelligence applied to the beauty world.

L'Oreal has already used ModiFace to help further its own online sales, pairing up with Facebook FB.O so that people on the social media network can do virtual make-up tests and shop for its labels such as Urban Decay and NYX. meanwhile, has just launched its own beauty and skincare line called 'Belei', capitalizing on soaring demand for creams and skin treatments.

The shopping site sells lipsticks from a range of brands and L'Oreal rivals including Estee Lauder's EL.N Clinique, or Revlon REV.N .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.