O'Loreal Group has recently signed a four-year memorandum of understanding with the Asian University for Women in Bangladesh, to jointly promote higher education for young women.

According to the memorandum, O'Loreal Group will give a four-year scholarship to two students worth $15,000 each per year.

The company will also provide the students with three internship opportunities of 10 weeks each year in O'Loreal's branches in China, India and Vietnam.