French cosmetics company L'Oreal is set to name deputy Chief Executive Officer Nicolas Hieronimus as its new chief, replacing long-time boss Jean-Paul Agon, French newspaper Le Figaro reported late on Tuesday.
Oakley and Ray-Ban maker EssilorLuxottica's second-quarter revenue almost halved due to store closures to curb the spread of the coronavirus, it said on Friday, sending operating profit tumbling by more than 90%.
Fashion brands and retailers re-opening around the world to patchy demand, and carrying unsold stock from spring have cut fall orders by as much as two-thirds in moves spelling more pain for Asian suppliers.
L'Oreal 's Chairman and Chief Executive Jean-Paul Agon said on Tuesday he expected the cosmetic group's nominations committee to propose a candidate to succeed him by the autumn as his mandate expires.
L'Oreal aims to cut out non-recycled plastic packaging by 2030 and bring in greener products like solid shampoo bars under its flagship Garnier brand as it steps up an environmental push, it said on Thursday.
Unilever is considering changes to its dominant line of skin lightening creams, according to a company source, even as the company and its rivals face a growing global social media backlash against such products.