L'Oréal eyes Medik8 for one billion euros
French beauty giant L'Oréal is reportedly poised to acquire cosmetics brand Medik8 for one billion euros, the Financial Times reported on Wednesday.
Specialising in 'anti-ageing' skincare, Medik8 would sit within L'Oréal's dermatological beauty section alongside brands like La Roche-Posay and Vichy, which saw its revenue increase by 3.5 percent in the first quarter, to 2.1 billion euros.
L'Oréal acquired Australian luxury cosmetics brand Aesop in 2023, then valued at 2.5 billion dollars. The French group, which owns brands Garnier, Maybelline and L'Oréal Paris, concluded partnerships the following year with Italian luxury group Prada around the Miu Miu brand and by increasing its stake in the Swiss laboratory Galderma.
Medik8's main shareholder since 2021 has been the investment fund Inflexion, which supported the British brand in the launch of a new research centre and in its development in the US, according to its website.
Founded in 2009 by Briton Elliot Isaacs, Medik8 has over 300 employees and boasts a 'made in the UK' product range. This article was translated to English using an AI tool.
FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com
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Scotsman
an hour ago
- Scotsman
The mental health revolution that is happening in England, but not here in Scotland
Mark Smith, co-founder of mental health charity The Joshi Project, writes about what he wants to see done in Scotland. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... A revolution in mental health services is unfolding across parts of the UK. Sadly, this revolution has not extended to Scotland. NHS England last year took two radical steps. Firstly, it recognised that its existing system of mental health care was broken. Advertisement Hide Ad Advertisement Hide Ad Mental health hubs are being strengthened in NHS England. | Adobe Secondly, it allocated £30 million for six pilot projects based on the Trieste model, the globally renowned system of community mental health care. This seismic shift cannot be overstated and the question posed here is simple - why has Scotland not done the same? The mental health crisis we face is every bit as severe as it is in England. We live with unacceptably high rates of suicide, drug and alcohol abuse, crime, violence, incarceration and homelessness – all of which, to varying degrees, trace their roots to inadequate mental health care. Meanwhile, prescriptions in Scotland for antidepressants and anti-anxiety drugs have skyrocketed over the past decade. The latest figures from Public Health Scotland reveal around 8.3 million antidepressants alone were prescribed to more than a million Scots. That means more than 20 per cent of the population take these drugs. Advertisement Hide Ad Advertisement Hide Ad Even the typically cautious Royal College of Psychiatrists (Scotland), in its manifesto for the 2026 Scottish Parliament Elections, described the current situation as a "mental health emergency'. Psychiatrists around the world have long regarded community-based approaches, which respects the rights of individuals and use networks of social support as treatment options. as the answer to the failings of traditional psychiatric systems. What is the Trieste model? The Trieste model is named after the Italian city, where it began in the 1970s. It is a system of 24/7 holistic, open-access mental health hubs, based on community psychiatry, human rights, hospitality and the continuity of trusted support relationships. The World Health Organisation has called it the world's most successful model for recovery from mental illness. In the spirit of transparency, I need to declare my own stake in the Trieste model. Advertisement Hide Ad Advertisement Hide Ad As the co-founder of The Joshi Project, a Scottish mental health charity that my wife and I established the year after our daughter's death in 2020, we have been pushing the NHS to set up Trieste-style mental health hubs in Scotland for the past four years – so far, without success. In that time, I have spoken to hundreds of Scots touched by our mental health crisis. Anyone who thinks that services are functioning adequately isn't paying attention. Ask any parent who has lost a child to mental illness, or a sibling, friend or loved one who has tried to navigate the ineffectiveness and the awful outcomes of mental health care in Scotland. Or ask the doctors, psychiatric nurses and support workers, who tell me how stymied they are within the fragmented and ineffective care system in which they work. Advertisement Hide Ad Advertisement Hide Ad Families also tell me of their desperate efforts to find a place to go during a mental health emergency - I was one of those with my daughter - or the frustrating search for effective care for a loved one suffering from a complex condition that an antidepressant or a few CBT sessions won't fix. The resistance against change The Scottish NHS boards I have met have persistently resisted change. We are now in the process of raising enough funds to set up a Trieste-style hub ourselves. It is our hope that the NHS will join us, but we're not holding our breath. Yet, the Trieste model has already been adopted successfully at city, regional and national health levels in more than 30 countries – Brazil, Poland, India and the Czech Republic among them. 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Advertisement Hide Ad Advertisement Hide Ad I believe we must learn from the failures of our existing system – just as NHS England has done. Scotland needs to build an open process of recovery like the Trieste model – one that's awake to a wider picture of mental illness and all its interactions and social determinants. We need a system that points us toward our universal human struggles with self-control and psychic pain – thus making mental illness profoundly ordinary and contiguous with all human suffering. The Trieste model also understands that mental illness, addiction and often homelessness, incarceration and other social scourges have the same roots. Shouldn't this grab the attention – and the small amount of funding it would take – of the Scottish Government and every NHS board? Advertisement Hide Ad Advertisement Hide Ad Mark Smith | Contributed I'm still at a loss to understand why it hasn't done so – even as the Scottish Mental Health Law Review and Audit Scotland's report on mental health have recommended the Trieste model's implementation. The pilots south of the Border South of the Border, all six Trieste-model pilots – Sheffield, Birmingham, York, Cumbria and two in London – are expected to be up and running within the next three months. Two are already operating. More are likely to follow. It's also worth noting that if the pilots are successful, the model is intended to become the standard of mental health care. The problem in Scotland cannot be cost – the most common objection I've heard from NHS management – because Trieste models are significantly cheaper to operate. The real problem is complacency and lack of vision. Advertisement Hide Ad Advertisement Hide Ad Dr SP Sashidharan, a Glasgow-based psychiatrist consulting with the Birmingham project, told me that a recent internal study concluded that if the Trieste project were rolled out across Birmingham, it would save the NHS £50 million a year. When asked about Scotland's resistance to change, he said: 'The Scottish Government and NHS Scotland appear to be oblivious to the urgent need for a fundamental reform of our mental health services, as demanded by service users, their families and carers, as well as voluntary groups. But based on my involvement in the Birmingham pilot, similar initiatives would certainly work in Scotland.' It's worth remembering that poor mental health isn't just deadly, as it was for my daughter. It's also disabling. It robs people of quality of life, which may be more important than mortality. Too many people are warehoused in psychiatric hospitals or in prisons, or even in their own homes, where they spend their days medicated and incapacitated as prisoners of their own reduced lives. Advertisement Hide Ad Advertisement Hide Ad At the political, economic and social level, it robs our communities and our country of the precious contributions of thousands of people who have so much more to give. Our communities deserve better, as does our nation. Now that England has joined the mental health enlightenment, it's time Scotland did the same.
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