War in Ukraine: L'Oréal maintains “restricted activity” in Russia, says its CEO

While companies such as Renault or Décathlon have withdrawn from the Russian market since the start of the war in Ukraine, the beauty giant L'Oréal claims to maintain “restricted activity” there.

The French cosmetics giant L'Oréal is maintaining “restricted activity” in Russia, its chief executive Nicolas Hieronimus said on Saturday, while a number of foreign companies have left.