Jean-Paul Agon Archive

L’Oreal to Be ‘Cautious’ on UK Price Hikes After Pound’s Slump

LONDON, United Kingdom — L’Oreal SA, the world’s largest cosmetics maker, will be cautious in raising prices in the UK to make up for the slump in the pound, chief executive officer Jean-Paul Agon said in the wake of a pricing dispute between Unilever and Tesco Plc. “We will be very cautious to respect both consumers and our relationships with retailers,” Agon said Friday in an …