Now Reading
L’Oreal CEO: Open To Acquisitions

L’Oreal CEO: Open To Acquisitions

Alex Carter

French cosmetics giant L’Oreal SA (OR.FR) is looking at acquisition targets that could fit its portfolio, Chief Executive Jean-Paul Agon said Thursday.

“We are open to great proposals when they fit our portfolio and strategy,” he said, speaking on a conference call on the company’s third quarter results.

Agon also said he does not expect a turnaround in the luxury market for beauty products by the end of the year.

The luxury market is “really tough” Agon said. While the company sees improvement in some profitable products, “the U.S. market is not back yet, he said.

See Also

Company Web site: www.loreal.com

Pursuitist is an award-winning 5-star luxury travel & lifestyle blog showcasing luxury cars & drives, fashion & style, gadgets, real estate, travel, and food & drink.
© 2020 Pursuitist. All Rights Reserved. Site By Parr Interactive.

Scroll To Top