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Stock Market & Financial Investment News

News Breaks
June 19, 2014
07:14 EDTLRLCYL'Oreal CEO says U.S cosmetics market still flat, Reuters says
L'Oreal CEO Jean-Paul Agon explained that the US market for mass beauty consumer products was still flat, squashing hopes of an improvement in the current quarter, but he still noted the continued recovery in Europe, according to Reuters, citing comments from Agon. Reference Link
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December 18, 2014
10:07 EDTLRLCYFrance's antitrust authority fines Colgate, Unilever, P&G, WSJ reports
France's Autorité de la Concurrence has fined consumer product companies including Unilever (UN, UL), Procter & Gamble (PG), Reckitt Benckister (RGBLY) and Colgate (CL) a total of EUR345.2M for anticompetitive practices between 2003-2006, The Wall Street Journal reports. L'Oreal (LRLCY), Gillette and Beiersdorf were fined EUR605.9M in total. Reference Link
07:22 EDTLRLCYL'Oreal denies anticompetitive activity
L'Oréal has been informed of the French Competition Authority's decision to rule against manufacturers of household and hygiene products concerning events which took place in the early 2000s. L'Oréal refutes accusations of anti competitive activity with its competitors, and regrets that the French Competition Authority did not take into account the highly competitive French market in hygiene products as illustrated by the number of manufacturers and retailers present on the market, the large choice of products available to consumers, and the degree of innovation and number of launches. L'Oréal is extremely surprised by this decision and the amount of the fine which are totally out of proportion. L'Oréal will appeal this decision.

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