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L’Oreal has built up inventory for several labels in the U.S. in response to the threat of tariffs, and could relocate some production to the country, Nicolas Hieronimus chief executive officer of L’Oreal SA said.
Benjamin Girette/Bloomberg via Getty Images
https://fortune.com/img-assets/wp-content/uploads/2025/04/GettyImages-2189879600-e1745312901242.jpg?resize=1200,600
https://fortune.com/europe/2025/04/22/loreal-shares-gain-quarterly-sales-luxe-unit-ysl-valentino-aesop-kiehls/
Angelina Rascouet, Bloomberg