L’Oréal: Inflation has not yet had an impact on the purchase of cosmetic products

DAVOS, Switzerland (Reuters) – L’Oreal has not yet seen any impact of inflation on purchasing behavior among beauty product consumers, its chief executive told Reuters on Tuesday.

“So far, we don’t see an impact of inflation and prices on consumers’ ‘consumption of beauty products’,” L’Oréal chief executive Nicolas Hieronimus said after speaking. be expressed during a panel on responsible drinking at the World Economic Forum in Davos.

Companies involved in the manufacture of consumer products are facing soaring costs, but L’Oréal reported a better-than-expected first quarter in April thanks to strong demand in the United States, Europe and the United States. China.

(Report Jessica DiNapoli, French version Diana Mandiá, edited by Kate Entringer)