
The luxury industry is assessing the first effects of the relaxation of lockdown regulations in China. Most shops have been reopened since around a month and a different market appears to be emerging after the crisis.
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The luxury industry is assessing the first effects of the relaxation of lockdown regulations in China. Most shops have been reopened since around a month and a different market appears to be emerging after the crisis.
L’Oreal said it is counting on consumers rushing back to hair salons to help its business recover quickly once European and U.S. Covid-19 lockdowns are lifted, adding that beauty sales were bouncing back in China.
Luxury groups like Chanel, Hermès, L’Oréal, Tod’s and OTB are all engaged in the war against Covid-19, with financial initiatives designed to protect their employees in the midst of the crisis.
The French cosmetics giant has announced “a solidarity plan to support all those involved in the fight against coronavirus,” designed to help health carers, food industry professionals and vulnerable individuals.
L'Oréal CEO Jean-Paul Agon will step down from the role he has held since 2006 in summer 2021. The company plans to replace him via an internal recruitment procedure.
Maybelline maker L’Oreal said on Thursday China’s coronavirus health crisis would have a short-term hit on its sales in the country and across Asian airports, after a period of booming business in the region.
France’s L’Oreal on Tuesday posted weaker than expected second-quarter sales growth, in part as demand for make-up products such as its Maybelline mascaras faltered in North America.
The Chinese beauty market is still going strong according to L'Oréal’s Jean-Paul Agon, the CEO of the world’s number one cosmetics brand.
The recently established Parisian technology event will be held at the Porte de Versailles exhibition centre on May 16-18, with 1,500 exhibitors and 450 speakers on the subject of tech innovation.
L’Oreal is banking on a turnaround in the group’s mass market division that makes Garnier shampoo and skincare treatments this year, despite pressures in the United States and slowing make-up sales.