Adding to its growing portfolio of Chinese brands and startups, L’Oréal has announced a minority investment in Lan, a Hangzhou-based clean beauty brand. The investment was made via L’Oréal’s China fund Shanghai Meicifang Investment and its corporate venture capital arm BOLD. This marks Meicifang’s first investment in a Chinese skincare brand. More from WWD Founded in 2019, Lan became one of the first clean beauty brands in the market, advocating for oil treatments that deliver “both high performance and ...