L'Oréal is the world's largest cosmetics and beauty company. It was founded in 1909 by Eugéne Schueller as a small company producing hair color products. Over time, L'Oréal expanded its product lines to include skin care, makeup, perfumes, and hair care. It now operates in 130 countries with over 72,000 employees. L'Oréal targets younger consumers with makeup products and older women with anti-aging products. The company has faced some lawsuits and regulatory issues over exaggerated advertising claims but has also taken steps to reduce its environmental impact.