Shanghai Meicifang Investment (Meicifang), L’Oreal's investment arm in China, has invested a minority stake in Chinese fragrance brand Documents, according to Inside Retail.
Documents will reportedly use the funds for product development, business operations and to fuel its international expansion.
This is the first investment for Meicifang after it was established by L’Oreal in May 2022.
Documents markets toward high-consumption Gen Z and millennials.