Eugène Schueller founded L'Oréal in 1909 in Paris. Through innovation in research and development, international expansion, and a multibrand strategy communicating products tailored to local cultures, L'Oréal has become a global leader in beauty worth $23.52 billion. The company's future involves connecting cosmetics through wearable technology, customized formulations, and algorithms to meet each consumer's individual needs. L'Oréal aims to make beauty universal for all people everywhere through constant innovation.