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Beauty tips from Mexico
Financial Express Lucknow
|July 18, 2025
L'OREAL WOULD BE HOPING THAT THE NEW INDIA HEAD IS ABLE TO REPLICATE THE SUCCESS THAT THE MEXICAN OPERATIONS ACHIEVED UNDER HIS STEWARDSHIP
L'OREAL CEO NICOLAS Hieronimus laid it on the table in June when he told Indian reporters in Paris that he saw the country as a land of opportunities. "It is one of the fastest-growing beauty markets in the world and is a big priority for L'Oreal," he said.
Contributing just over 1% to L'Oreal's global turnover of $47 billion (₹4 lakh crore), the topline of the Indian operations of the company (at ₹5,685 crore in FY25) hardly reflects the ambitions of its CEO. The French major wants to dial up growth and more than double the business in India over the next few years. The appointment of Jacques Lebel this week as the country manager for India (effective October 1) must be viewed through this lens, industry executives said.
He succeeds company veteran and current country head Aseem Kaushik, who will transition to the role of chairman.
This story is from the July 18, 2025 edition of Financial Express Lucknow.
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