L'Oreal CEO says no inflation impact so far on beauty product consumption


FILE PHOTO: Staff members work at a counter of cosmetics brand L’Oreal at a shopping mall in Beijing, China November 18, 2021. REUTERS/Tingshu Wang

DAVOS, Switzerland (Reuters) - French cosmetics group L'Oreal is not so far seeing any impact from inflation on purchases of beauty products, its chief executive told Reuters on Tuesday.

"So far we see no impact of inflation and price impacts on consumers' beauty consumption," L'Oreal CEO Nicolas Hieronimus said after speaking on a panel on responsible consumption at the World Economic Forum in the Swiss Alpine resort of Davos.

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