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L’Oréal India gets EDGE Move certification for gender equality at the workplace
MUMBAI: L’Oréal India has been awarded the prestigious EDGE (Economic Dividends for Gender Equality) Certification for the third time. It is also the only FMCG Company and one of the five organisations in India to be accredited with the advanced MOVE level of certification.
The EDGE assessment is the leading business certification for gender equality in the workplace that is universally applicable across industries and countries. EDGE MOVE is the second level certification awarded to the company that has already implemented a framework for change, achieved significant milestones and further commits to sharpen its action plan on gender equality policies and practices.
This certification recognizes L’Oréal India’s leadership and commitment to create, benchmark, and support gender equity throughout the workplace and in particular its policies for ‘equal pay for equal work’, building a flexible work culture and parity in recruitment, promotions and leadership trainings. The company maintains a high gender equality standard, passing regularly through audit certifications and gender pay gap assessments.
L’Oréal India was awarded the EDGE Certification after a rigorous audit by EDGE, which included a comprehensive review of the company’s gender policies and practices, detailed analysis of company statistics from the entire workforce, and evaluation of the employee experience in terms of career development opportunities at the company.
L’Oréal India director – human resources Roshni Wadhwa said, “L’Oréal India has a long-standing commitment to gender equality and this reaffirms our position as an equal opportunity employer in India. Our partnership with EDGE has helped us measure our progress regularly as well as offer an attractive work environment to our employees. L’Oréal India will continue its efforts to retain a strong gender balance at all levels and drive new benchmarks for gender equality in the workplace.”
EDGE Certification co-founder Aniela Unguresan said, “Through its re-certification at the EDGE Move level, L’Oréal India is accelerating its journey towards gender balance. In addition to improving the effectiveness of its policies and practices to ensure equitable career flows for men and women, the company has significantly strengthened its proactive management of gender pay equity. L’Oréal India is also showing a percentage of women in management position that is almost 3 times higher than the national median of companies operating in India. We warmly congratulate L’Oréal India on these significant achievements.”
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UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
