Chairman of L'Oreal Group Jean-Paul Agon reflects on changes in the Chinese consumer market
In a dialogue at the CEIBS 9th Europe Forum 2023 in Paris, Chairman of L'Oreal Group Jean-Paul Agon outlined the changes ...
Chairman of the Board of Directors, Loreal
Search every verified Jean-paul Agon interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a June 2020 interview, Agon expressed confidence in the beauty market's ability to recover from the coronavirus crisis, stating that L'Oréal has historically seen a strong bounce back after crises. He described the situation as a supply crisis rather than a demand crisis, noting that consumers in China were eager to buy beauty products once restrictions were lifted. Agon acknowledged that the speed of recovery would depend on the duration of the pandemic and its economic impact, but argued that beauty products are inexpensive items that consumers may use to indulge themselves after a period of frustration. In earlier appearances, Agon emphasized the importance of digitalization for L'Oréal, stating in 2018 that "the future of beauty will be digitalized" and that the company's profit margin had accelerated alongside its digital efforts. He also discussed the company's decentralized operational structure, which allows local adaptation to consumers. In 2015, Agon spoke about L'Oréal's "Sharing Care" program, which aims to extend social benefits to employees outside France, arguing that economic and social performance are intrinsically linked and that companies have a duty to share social advances globally.
“j'ai tout de suite imaginé que la Chine serait certainement l'une des toutes premières puissances mondiales en matière économique et aussi bien sûr pour L'Oréal”
“la Chine est probablement le pays le plus digitalisé du monde sans aucun doute ... plus d'un achat sur deux en Chine se fait sur Internet c'est le seul pays au monde où nous c'est plus de 50 % c'est 55 % du chiffre d'affaires est fait en e-commerce”
“L'Oréal en fait a essayé toujours de fonctionner comme une startup et d'être toujours à la pointe de l'innovation et de la collaboration avec les startups.”
“L'Oréal est preneur et l'Oréal a démontré sa capacité à réagir très vite et à mettre sur le marché des produits de haute technologie très innovateurs.”
“This award bestowed on me is an immense honor. The fight against anti-semitism and all forms of hatred is one of the toughest if not the toughest universal challenge of the 21st century.”
“If there is one thing I have learned during my career it is that respect and inclusion cannot be decreed from an executive office. I have been blessed to be surrounded by my 85,000 colleagues who share my belief that companies have a responsibility to be a force for good.”
“I think the most important is to prepare you know is to have your talent pool and this starts 20 30 years before you know at L'Oreal people stay very long most of us we spend our entire career at L'Oreal and of course we do many many different jobs around the world and what's very important is to create internally the...”
“The beauty of the future will have to be more inclusive more generous more sustainable. Consumers two-thirds of consumers declare they want to buy products from brands which values are aligned with theirs and that have a positive impact on the world.”
“on a gelé les créances deux cent mille clients tout de suite et à l'inverse on a payé comptant tout ce qu'on devait nos petits fournisseurs. C'était quand même un investissement de plusieurs centaines de millions d'euros qui a vraiment permis à toute la filière de passer la crise et de ressortir presque intacte.”
“on considère maintenant qu'on est devenu ce qu'on appelle en anglais une 'digital first company' c'est à dire une compagnie où le digital est devenu omniprésent. Le digital maintenant c'est deux tiers des investissements médias et le e-commerce c'est devenu déjà 27% du chiffre d'affaires du groupe.”
“our beauty business is relatively immune to international relations. china the beauty market has been growing for many many years. we know that the rise of consumption in china is a priority for the chinese government and and beauty is an important part of consumption because it helps people in their daily life for the...”
“what i'm the most proud of is not that which is already good but it's not that it's more the fact that we you know i wanted to make l'oreal also exemplary in terms of extra financial performance and i wanted loyal to be exemplary in terms of sustainability of gender equality in terms of ethics in terms of social welfar...”
“I believe that beauty is going to become very much tech, you know, like medicine is becoming medtech or finance is becoming fintech. I want L'Oreal to be the champion of the beauty tech. I think that beauty will be beauty tech tomorrow, and I want L'Oreal to be the pioneer, the champion, and the leader of the beauty te...”
“Before the pandemic, e-commerce was for example for us already growing fast, plus 50%, but it was at 15 20%. It grew very quickly during the crisis, and now we are at 30%. So, there has been a complete change of behavior during the crisis, and I think that this change will stay.”
“China is the most important part of the positive contribution as you say because China is the only major country in the world that was positive and it has been very positive as you know because at the end of September in total we were up plus 20 percent of our sales in China which is by the way much more than the marke...”
In a dialogue at the CEIBS 9th Europe Forum 2023 in Paris, Chairman of L'Oreal Group Jean-Paul Agon outlined the changes ...
Introduction made during the TOP AFEP broascast on BFM Business on March the 25th, 2023 Jean Paul Agon, CEO of L'OREAL presents a digital innovation, the SkinConnect product, with Elisabeth Partouche, CEO of TXCube. TXCube is a partner of L'OREAL and has developed the product. TXCube also takes care of all the stages of industrialization before manufacturing (tools, prototypes, validation, pre-series, qualification, production test and quality but also the worldwide certifications of the product). You will also find on this channel, a video of the same event with same guests (in March 2022…
Jean-Paul Agon is the recipient of the 2021 ADL Courage Against Hate Award. He became CEO of L’Oréal in 2006, and then Chairman and CEO from 2011 to 2021. In 15 years, Jean-Paul Agon adapted the company by leading in-depth strategic transformations, notably the digital and e-commerce revolution and the one of responsibility and sustainability. With a double ambition: combining economic performance and exemplarity in environmental, social, ethical and societal fields. The Ethics Resource Center awarded him the “Pace Leadership in Ethics Award” for L’Oréal’s achievements in the area of busines…
Apr.30 -- As the world’s largest beauty and cosmetics group, L’Oreal has been keeping faces fresh for more than a century. Now it’s time for a fresh face at the top. After 15 years at the helm, CEO Jean-Paul Agon is handing over the reins to his deputy Nicolas Hieronimus. The pair speak to Bloomberg’s Francine Lacqua about the transition, and the road ahead for the company.
L'actuel directeur général du groupe L'Oreal, Jean-Paul Agon, et son successeur, Nicolas Hieronimus, sont sur le plateau de BFM Business pour une émission spéciale de 18h00 à 19h00
Feb.12 -- L'Oreal Chief Executive Officer Jean-Paul Agon says he's "positive, optimistic and confident" the beauty market will bounce back this year. Speaking to Bloomberg's Emma Chandra, Agon also discussed travel retail taking time to resume and the rise of consumption in China.
L'Oréal CEO Jean-Paul Agon discusses the beauty group's full-year 2020 earnings. He speaks with CNBC's Charlotte Reed.
L'Oreal CEO Jean-Paul Agon discusses the recovery in China and the outlook for the beauty company's operations in Asia. He speaks with CNBC's Charlotte Reed.
Jan.14 -- Francine Lacqua speaks with the CEO of L’Oréal about the future of the beauty industry, leadership in the sector and the pandemic.
For more: https://www.cgtn.com/video How is the cosmetics industry coping with the pandemic, a time when everyone has a mask on? We speak to L'Oreal Chairman Jean-Paul Agon to find out more. #China #CIIE #cosmetic Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvn... Download our APP on Google Play (Android): https://play.google.com/store/apps/de...
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