L’Oreal CEO Braces for a ‘Chaotic’ Year as Political Risks Loom
- Agon says it’s too soon to see any Trump effect on business
- French withdrawal from euro bloc would be ‘very bad’
L'Oreal CEO Agon Braces for 'Chaotic' Year in 2017
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L’Oreal SA is finding long-term planning more difficult amid a “chaotic” political environment, said Chief Executive Officer Jean-Paul Agon.
France remains a tough market at a time the country is engulfed in one of its most uncertain presidential elections, the CEO said after the cosmetics company reported reported full-year earnings that met analysts’ estimates and announced a share buyback. Far-right presidential candidate Marine Le Pen has pledged to take France out of the euro zone, and the U.K. is negotiating its exit from the European Union.