L’Oreal Optimistic About Post-Shutdown Growth, Notes Likely Thinning Of Beauty Field

22 Apr 2020

“It's unfortunate, but it's the Darwinian side of this industry,” L’Oreal CEO Jean-Paul Agon said on 16 April while discussing newer players’ prospects for survival through the COVID-19 crisis and L’Oreal’s own first-quarter results – down 4.8% like-for-like, but ahead of the market.

L'Oreal SA leadership believes the post-COVID-19 global cosmetics opportunity could look a lot like the one before store chains closed and consumers shut themselves indoors.

The beauty giant may just have less competition.