From CNBC: 2025-03-11 07:39:08

L’Oreal CEO, Nicolas Hieronimus, believes the beauty giant can navigate through U.S. tariffs, with most products manufactured in North America. The company’s strong performance in Europe and challenges in China are noted as President Trump imposes tariffs on various imports.

Despite a slowdown in the final quarter, L’Oreal remains optimistic about growth prospects in North America due to market share potential and economic fundamentals. The company expects to conquer new consumers and continue its success in the region.

L’Oreal sees resilient growth in Europe, with the region being a significant contributor to overall sales growth. CEO Hieronimus hopes for more focus on competitiveness and innovation from European politicians to drive further growth in the region.

China has been a key growth engine for L’Oreal, but challenges like the Covid-19 pandemic and geopolitical upheavals have impacted demand. Hieronimus remains confident in China’s potential, expecting positive developments in the future despite uncertainty in the current landscape.

Facing competition from luxury groups and startups, L’Oreal emphasizes the importance of innovation to stimulate consumer demand. The company invests in new products and technologies, including a stake in injectable beauty specialist Galderma, to stay ahead in the beauty market.



Read more at CNBC:: L’Oreal CEO says he’s ‘not overly concerned’ about U.S. tariffs