Open Innovation , R&I Internship
L'Oréal
Recruitment Process
Details
L'Oreal is hiring for the position of Open Innovation, R&I Intern!
Responsibilities of the Intern:
- Do market research on Deeptech start-ups/ corporates, innovations, and venture capital investments in the India region (with a focus on Digital technologies/tools/ methods for scientific applications)
- Identify & evaluate opportunities for L’Oreal fit to connect with potential innovation partners or start-ups under guidance.
- Contribute to the ongoing digital initiatives to adapt to the internal needs
- Contribute to the organization of other Open Innovation events and activities.
Requirements:
- Master’s degree in chemical engineering, chemistry/physics, or related interdisciplinary sciences.
- Understanding of computational chemistry/soft matter physics/Biology techniques, tools.
- Knowledge and hands-on research experience in theory and simulations related to one or more of the following: molecular quantum mechanics, molecular dynamics simulations, structure-based drug discovery, and deep learning methods.
- Experience with high-performance scientific programming and algorithm design, handling open-source tools.
- Excellent communication and interpersonal skills.
Important dates & deadlines?
-
29 Aug'23, 12:00 AM IST Registration Deadline
Additional Information
Job Location(s)
Bengaluru
Stipend
Salary: Not Disclosed
Work Detail
Working Days: 5 Days
Job Type/Timing
Job Type: Hybrid
Job Timing: Full Time
About L'Oréal
L’Oréal S.A. is a French personal care company headquartered in Clichy, Hauts-de-Seine with a registered office in Paris. It is the world's largest cosmetics company and has developed activities in the field concentrating on hair colour, skincare, sun protection, make-up, perfume, and hair care.
L’Oréal launched its first hair dye in 1909 and has been in the business for 112 years. The company has 36 brands that are distributed by a workforce of almost 88,000 through various channels in more than 150 countries.
The company clocked in net revenue of €41.18 billion ($44.5 billion in FY 23. The Consumer Products division is the highest-selling segment for L’Oréal, followed by L’Oréal Luxe.
Product/Business Portfolio:
L’Oréal has categorized its business portfolio under 4 major divisions:
- L’Oréal Luxe
L’Oréal Luxe is the premium range of products by L’Oréal, which includes some highly aspirational and multi experts. The range has 26 brands, out of which 17 are global
- Lancôme
- Giorgio Armani
- Yves Saint Laurent Beauté
- Biotherm
- Kiehl’s
- Ralph Lauren
- Shu Uemura
- Cacharel
- Helena Rubinstein
- Clarisonic
- Diesel
- Viktor&Rolf
- Yue Sai
- Urban Decay
- Paloma Picasso
- Atelier Cologne
- IT Cosmetics
- Mugler
- Valentino
- Azzaro
- Prada
- Consumer Products
The consumer products division has the mission to democratize beauty and make it sustainable
- L’Oréal Paris
- Garnier
- Maybelline New York
- NYX Professional makeup
- Stylenanda
- Essie
- Dark & Lovely
- Mixa
- Magic Mask
- Niely
- Professional Products
The Professional range is intended for professionals and salons, majorly to support hairdressers and the hairstyling industry
- L’Oréal Professionnel
- Kérastase
- Redken
- Matrix
- Pureology
- Active Cosmetics
Active Cosmetics division is the world leader in dermocosmetics, with brands recommended by healthcare professionals
- La-Roche-Posay
- Vichy
- CeraVe
- SkinCeuticals
- Decléor
Sustainability
The aim of the sustainable transformation program “Sharing Beauty With All”, launched in 2013, is to make L’Oréal a model company in terms of sustainable innovation, production, consumption, and in sharing its growth with all Group stakeholders.
- Sustainable Innovation
- Sustainable Production
- Sustainable Consumption
- Sharing Growth
Recent Mergers and Acquisitions:
- L’Oréal signed a deal with Prada to manufacture luxury fragrances and beauty products under its name, beginning January 2021
- L’Oréal signed an agreement with the Clarins Group in October 2019 to acquire Azzaro and Mugler
- In June 2020, a US based natural skin brand named Thayers Natural Remedy was acquired by L’Oréal
- Valentino and L’Oréal joined forces in May 2018 to create a brand new beauty collection
- Armani extended beauty partnership with L’Oréal in March 2018
Top 5 Competitors:
- Yatsen Holding
- Estee Lauder
- Avon Products
- Revlon
- Chanel
Recent News and Developments:
- In June 2021, L’Oréal announced the first cosmetic made from 100% recycled plastic under the brand Biotherm
- L’Oréal’s supply chain ranked 9th worldwide and 4th in the consumer industry by Gartner
- L’Oréal established a 50 million pounds solidarity fund, to empower women, with an aim to reach 1 million women globally
- In April 2021, all Garnier products were officially approved by Cruelty-Free International under the Leaping Bunny programme
- Viktor&Rolf fragrances to launch 3-D printed bottles for their Flowerbomb collection
Main Roles offered to Students:
Like most other FMCG brands in India, L’Oréal runs its flagship MT programme as well. for the management students. L’Oréal mostly hires MTs through summer internship programs and case study competitions like L’Oréal Brandstorm
New joinees at L’Oréal go through a 6 month MT programme during which they are required to work for several challenging stints in marketing, sales, operations, finance, IT, HR etc.