L'Oreal to Invest in Luxury Manufacturing Capacity in France
April 02 2019 - 1:06PM
Dow Jones News
By Olivia Bugault
L'Oreal SA (OR.FR) said Tuesday that it plans to make a
"significant investment" in developing its manufacturing
capabilities for luxury beauty products in France.
The investment includes 15 million euros ($16.8 million) that
will be put toward a plant near Paris that will be dedicated to
producing fine perfumes, the French cosmetics and consumer-products
company said.
"This significant investment highlights our aim to adapt
manufacturing capabilities to new market challenges while
developing the expertise of each of our plants," said Barbara
Lavernos, executive vice president and chief technology and
operations officer for L'Oreal.
Write to Olivia Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
April 02, 2019 12:51 ET (16:51 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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