Eugene Schueller developed a colour formula in 1907 and registered his own company L'Oreal in 1909. By 1920, L'Oreal employed 3 chemists and launched its first magazine in 1933. L'Oreal has since grown to become the world's largest cosmetics company, present in over 103 countries with products like hair colour, sun protection, perfumes, skincare, and makeup. The company strategically targets both younger consumers and older women and is known for its slogan "because you are worth it".