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Cosmetic Valley Celebrates 25th Anniversary at French Finance Ministry

The business cluster of beauty companies also announced the 2019 winners of its Cosmetic Victories award on Thursday.

PARIS — Cosmetic Valley, a concentration of beauty companies based in the region of France near Chartres and Orléans, celebrated its 25th anniversary at the French Finance Ministry on Thursday.

“Our competitive cluster is a place of work, training, export and support,” said Marc-Antoine Jamet, president of Cosmetic Valley, in an opening address. “It allows us to have a zone of stability and long-term vision, and helps us define our collective interest.”

He forecast revenues of $716.6 billion for 2025, the product of the collective work of the 256,000 employees of the 3,200 businesses that are part of Cosmetic Valley.

“We have built an ecosystem allowing both existing partners to prosper and progress, and offering a fertile ground for future collaborators,” Jamet added.

The business cluster also announced the winning projects for The Cosmetic Victories award, an international competition recognizing innovation in the industrial and academic domains, presented by Agnès Pannier-Runacher, the secretary of state to French finance minister Bruno Le Maire.

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“Cosmetic Valley has one foot in the future and the other in reality,” she said.

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Japanese researcher Kie Nakashima, from the University of Osaka, was granted the Academic Prize for her new generation of antiperspirants.

“We presented an innovative system allowing to visualize the mechanism of dynamic perspiration by showing direct imagery of sweat glands,” the project leaders explained in a statement. “We think our system is a promising way to develop a new strategy of sweat regulation.”

Belgian company Chemcom was the laureate of the Industrial Prize for its work on olfactory receptors.

“Our skin has the capacity to smell, to sniff, to breathe,” Pannier-Runacher said. “There are olfactory receptors in other places that just in the nose.”

Chemcom, a 18-person company, based its research on the skin’s olfactory receptors in order to mimic the effects of suntanning without any UV exposure.

Each winner was given 10,000 euros to finance their project as well as support from the platform Cosmet’up, which is focused on accelerating innovative fragrance and cosmetics projects.

The two winners were chosen among 90 applicants from 14 different countries. The jury’s 18 members included Bruno Bavouzet, president of LVMH Moët Hennessy Louis Vuitton research; Ramdane Touhami, president of Officine Universelle Buly; Hervé Toutain, senior vice president of product stewardship and public affairs at L’Oréal; and Olivier Echaudemain, creative director for makeup at Guerlain.