Latest news with #L'Oréal
Fashion Network
a day ago
- Business
- Fashion Network
L'Oréal CEO says EU-US customs deal brings 'no good news' for cosmetics sector
The executive emphasised the importance of the cosmetics sector to the European economy, pointing out that it represents more than 3 million jobs across Europe, contributes €180 billion to European GDP, and is France's second-largest contributor to the balance of trade. 'I remain disappointed by this agreement,' Hieronimus said. 'The positive aspect is that it brings visibility and removes uncertainty. We can now plan ahead.' Speaking on behalf of the Value of Beauty Alliance—a coalition of major European players in the beauty and skincare industry, including L'Oréal, Givaudan, IFF, Puig, and Cosmetic Valley—Hieronimus said the group will appeal to European leaders and trade negotiators to ensure stronger protections for the sector. He added that the group will also continue pushing for regulatory simplification. 'We can move faster so that we don't have customs duties on one side and regulations on the other,' he said. While Hieronimus acknowledged the new tariffs are 'manageable' for L'Oréal, he noted: 'At least this year, they won't have a major impact on our ability to deliver results.' The United States was L'Oréal's leading growth driver in the first half of 2025. The company generates 27% of its global sales in North America and manufactures half of what it sells in the US through its four local factories. To mitigate the impact of the tariffs, L'Oréal has stockpiled luxury products and fragrances and may implement slight price increases on some items. In June, the group also announced a deal to acquire US-based haircare brand Color Wow. Paris, July 29, 2025 (AFP)
Fashion Network
a day ago
- Business
- Fashion Network
L'Oréal CEO says EU-US customs deal brings 'no good news' for cosmetics sector
L'Oréal CEO Nicolas Hieronimus says the new 15% US tariffs are 'not good news' for Europe's cosmetics industry, but notes the impact will be manageable for the French beauty giant. 'We're going from 0% to 15%, so we're not happy,' he said during the company's half-year results presentation. 'It's not good news for a cosmetics industry that is a European flagship.' 'In the end, Europe, with almost 500 million consumers, is going to pay higher customs duties than the UK,' Hieronimus lamented. The executive emphasized the importance of the cosmetics sector to the European economy, pointing out that it represents more than 3 million jobs across Europe, contributes €180 billion to European GDP, and is France's second-largest contributor to the balance of trade. 'I remain disappointed by this agreement,' Hieronimus said. 'The positive aspect is that it brings visibility and removes uncertainty. We can now plan ahead.' Speaking on behalf of the Value of Beauty Alliance—a coalition of major European players in the beauty and skincare industry including L'Oréal, Givaudan, IFF, Puig, and Cosmetic Valley—Hieronimus said the group will appeal to European leaders and trade negotiators to ensure stronger protections for the sector. He added that the group will also continue pushing for regulatory simplification. 'We can move faster so that we don't have customs duties on one side and regulations on the other,' he said. While Hieronimus acknowledged the new tariffs are 'manageable' for L'Oréal, he noted: 'At least this year, they won't have a major impact on our ability to deliver results.' The United States was L'Oréal's leading growth driver in the first half of 2025. The company generates 27% of its global sales in North America and manufactures half of what it sells in the US through its four local factories. To mitigate the impact of the tariffs, L'Oréal has stockpiled luxury products and fragrances and may implement slight price increases on some items. In June, the group also announced a deal to acquire US-based haircare brand Color Wow. Paris, July 29, 2025 (AFP)
Fashion Network
a day ago
- Business
- Fashion Network
L'Oréal CEO says EU-US customs deal brings 'no good news' for cosmetics sector
L'Oréal CEO Nicolas Hieronimus says the new 15% US tariffs are 'not good news' for Europe's cosmetics industry, but notes the impact will be manageable for the French beauty giant. 'We're going from 0% to 15%, so we're not happy,' he said during the company's half-year results presentation. 'It's not good news for a cosmetics industry that is a European flagship.' 'In the end, Europe, with almost 500 million consumers, is going to pay higher customs duties than the UK,' Hieronimus lamented. The executive emphasized the importance of the cosmetics sector to the European economy, pointing out that it represents more than 3 million jobs across Europe, contributes €180 billion to European GDP, and is France's second-largest contributor to the balance of trade. 'I remain disappointed by this agreement,' Hieronimus said. 'The positive aspect is that it brings visibility and removes uncertainty. We can now plan ahead.' Speaking on behalf of the Value of Beauty Alliance—a coalition of major European players in the beauty and skincare industry including L'Oréal, Givaudan, IFF, Puig, and Cosmetic Valley—Hieronimus said the group will appeal to European leaders and trade negotiators to ensure stronger protections for the sector. He added that the group will also continue pushing for regulatory simplification. 'We can move faster so that we don't have customs duties on one side and regulations on the other,' he said. While Hieronimus acknowledged the new tariffs are 'manageable' for L'Oréal, he noted: 'At least this year, they won't have a major impact on our ability to deliver results.' The United States was L'Oréal's leading growth driver in the first half of 2025. The company generates 27% of its global sales in North America and manufactures half of what it sells in the US through its four local factories. To mitigate the impact of the tariffs, L'Oréal has stockpiled luxury products and fragrances and may implement slight price increases on some items. In June, the group also announced a deal to acquire US-based haircare brand Color Wow. Paris, July 29, 2025 (AFP)
Times
2 days ago
- Health
- Times
Beauty Heroes: La Bonne Brosse
Ten years ago two best friends from Paris, Flore des Robert and Pauline Laurent, decided to take on a challenging task: to bring a new high-performance hairbrush to the beauty market. The idea came when des Robert, a beauty specialist for more than 20 years who has worked for companies including L'Oréal and Estée Lauder, suffered hair loss after her daughter was born. Desperate to find a solution, she consulted hairdresser after hairdresser, all of whom asked the same question: do you have a good-quality hair brush? Despite the importance of a good brush for hair growth, des Robert was uninspired by the products on offer. So she took her idea for a new kind of hair brush to her friend Laurent, whom she'd known since their schooldays and who has worked across brands such as Coty and Dries Van Noten. Their goal was to make a heritage beauty product 'that people would buy and keep for their whole lives', says des Robert. During two years of development, the pair 'consulted dermatologists, acupuncturists and hair stylists to really understand how a good hairbrush could support scalp health and hair quality'. All their research was channelled into their product, La Bonne Brosse, which was designed to be stylish, sustainable and above all, functional. The brush is a labour of love. Each is handmade across six or seven stations in a French workshop that has been in operation for more than a century. The shell and handles are made from cellulose acetate, which is a biodegradable material, 70 per cent of which comes from plant fibres, and which is made without petrochemicals; the hypoallergenic bristles are made from boar bristles, nylon fibres, or both. Part of the efficacy of the design is the arrangement of the bristles on the cushion, in little groups of varying heights. It's 'a little bit like a flower blooming', Laurent says. 'Every fibre has a different size so they can catch every hair one by one.' This makes it an effective detangler and gentle on hair. The bristles help to massage the scalp too, stimulating blood flow and exfoliating the skin, which encourages hair growth and prevents blocked hair follicles. Plus, boar bristles can work to distribute natural oils along the hair shaft which can protect hairs from breakage. The brush looks as good as it feels, with a chic, ergonomically twisted handle. It is available in a range of sizes and 19 aesthetically pleasing colours, such as pale pink, cream and purple (priced from £88 to £142). The actress Emma Stone used a La Bonne Brosse ahead of the Oscars, and with recent collaborations with brands including the high-end children's store Bonpoint and the skincare brand Augustinus Bader, it appears this is only the beginning for the haircare company. Step inside the workshop to see for yourself how the world's coolest brushes are made: Direction: Mona TehraniDOP: Camille GuillemainEdit: Laurène VanackerProduction: Sarah Barnes
Fashion Network
2 days ago
- Business
- Fashion Network
L'Oréal sales slip in Q2 as North Asia and travel retail lag
L'Oréal, the French beauty giant known for brands such as Lancôme, Maybelline and CeraVe, reported weaker-than-expected sales in the second quarter, as a slowdown in North Asia, travel retail, and its core European market weighed on results. Quarterly revenue fell by 1.3% year-over-year to €10.73 billion ($11.7 billion), the company said Tuesday evening. The drop was steeper than analysts had expected, and revenue in North Asia—particularly China and South Korea—saw a significant decline that gains in other global markets could not fully offset. On a like-for-like basis, which excludes currency fluctuations and acquisitions or divestments, group sales rose 2.4%, falling short of the 2.9% growth projected in a Visible Alpha consensus estimate cited by Jefferies. Total revenue for the April–June period reached €10.74 billion ($12.38 billion). Adjusted for the phased rollout of a new IT system, underlying growth stood at 3.7%, according to the company. L'Oréal is facing sluggish consumer spending in China due to stagnant wage growth, high youth unemployment, and continued uncertainty surrounding former U.S. President Donald Trump 's tariff policies. Demand in Asian travel retail channels also remained weak. Global cosmetics market growth has slowed significantly in recent quarters from the highs of the post-pandemic rebound, when inflation drove up sales values. The sector—especially the fragrance category, which is predominantly produced in Europe—is also grappling with rising costs tied to tariffs. In response to the European Union's recent agreement to impose a 15% tariff on U.S. imports of EU cosmetics, L'Oréal CEO Nicolas Hieronimus voiced concern and revealed plans to lobby for an exemption. 'I don't think it's a good deal,' he told Reuters. 'We're going to be writing to all the European leaders and negotiators to see whether there's a loophole we could benefit from, because ultimately, this could prove costly.' L'Oréal, which imports around 30% of its U.S. sales, may raise prices and shift more production to its four American factories. However, Hieronimus said the group is holding off on any decisions until further negotiations between the U.S. and other nations are finalized. While analysts at Jefferies expect U.S. perfume sales to slow in the second half as companies raise prices, Hieronimus noted that L'Oréal's fragrance segment is currently growing at double-digit rates, compared to 7% for the broader market. 'There is some pricing power on fragrances, but we also have to consider how sensitive demand is to price changes,' he added. Following the earnings release, L'Oréal shares fell by around 1% in after-hours trading on the Tradegate platform.
