L'Oreal CEO Agon on Asia, U.S. Tariffs, Brexit

The transcript covers various topics including the global response to the Notre Dame fire, highlighting significant donations from companies like L'Oreal and Apple. It discusses the growth of the beauty market in Asia, particularly in China, and L'Oreal's strategic focus on mergers and acquisitions, including tech and cult brands. The conversation also touches on the impact of potential US tariffs and the softening demand in the US market. Additionally, it addresses Brexit's implications for L'Oreal and their preparedness for stockpiling. Finally, the transcript introduces new products and the trend towards organic beauty products.

What was the global reaction to the Notre Dame fire?

• Minimal media coverage

• Indifference from major corporations

• A call for boycotts

• Significant donations from global companies

What is one reason for the strong demand for beauty products in China?

• Government subsidies

• Decline in local brands

• Young consumers' growing interest

• Decreasing interest in luxury goods

How much of L'Oreal's sales come from China?

• 50%

• 5%

• 15%

• 30%

What type of acquisitions is L'Oreal interested in?

• Fast food chains

• Real estate

• Tech and organic brands

• Automobile industry

What is a characteristic of cult brands?

• They have a small following

• They are only popular in Europe

• They have a dedicated fan base

• They are not profitable

How does L'Oreal mitigate the impact of US tariffs?

• By increasing prices

• By manufacturing locally in different regions

• By halting exports

• By reducing production

What was L'Oreal's approach to Brexit?

• They were unprepared

• They relocated their headquarters

• They ignored it

• They stockpiled products

What is a recent trend in L'Oreal's product line?

• Focus on men's grooming

• Synthetic ingredients

• Organic and natural products

• Increased use of plastics

What is L'Oreal's stance on the potential of a no-deal Brexit?

• They are lobbying against it

• They are not concerned

• They are planning to exit the UK market

• They are fully prepared to adapt

What is one of L'Oreal's new product innovations?

• A new line of perfumes

• An organic skincare line

• A range of electric cars

• A digital payment system