L'Oréal invests in Cathay Innovation to focus on China beauty tech deals

L'Oréal invests in Cathay Innovation to focus on China beauty tech deals

The Body Shop logo sits on the lids of body butter moisturiser inside a Body Shop International Plc store, owned by L'Oreal SA, in London, U.K., on Thursday, April 6, 2016. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

France’s L’Oréal has invested in Cathay Innovation, an affiliate of Cathay Capital Private Equity, in a bid to ramp up its investments in the beauty tech startup ecosystem, particularly in China, according to an announcement.

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