Home Cosmetics L’Oreal: We now have maintained a ‘restricted’ presence in Russia

L’Oreal: We now have maintained a ‘restricted’ presence in Russia

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L’Oreal: We now have maintained a ‘restricted’ presence in Russia

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THE WHAT? L’Oreal CEO Nicolas Hieronimus has admitted that the French magnificence large continues to function in Russia, albeit in a ‘restricted’ capability. The producer of Maybelline operates a plant south of Moscow, which manufactures shampoos, hair dye, and hygiene and child merchandise.

THE DETAILS In an interview with France Inter, reported by Vogue Community, the L’Oreal boss claimed ‘we are able to’t cease the economic system’ and that its continued operation of the Kaluga plant helped safeguard its belongings and staff within the nation.

THE WHY? L’Oreal closed its Russian retailer community in March 2022 following the invasion of Ukraine. Hieronimus informed France Inter, per Vogue Community, “This, I consider, permits us to keep away from seizures or actions that could possibly be taken towards our belongings and above all towards our staff.”

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