L'Oréal sees no near-term India acquisitions after Innovist deal
In short
L’Oréal CEO Nicolas Hieronimus said the company does not plan any more India acquisitions soon after buying Innovist. He also said India is becoming an important growth market, with sales up about 18% while the market grew around 10%.
This matters to L’Oréal and the India beauty market. The reporting does not say which future deals, if any, the company may still pursue.
What the reporting says
L’Oréal CEO Nicolas Hieronimus said the company has no immediate plans for more acquisitions in India after buying Innovist. The publisher-supplied summary says he still sees India as a key growth engine, with sales rising about 18% versus market growth of around 10%. It is not stated which future opportunities the company may still consider or whether the pace will continue.
Why it matters
L’Oréal CEO Nicolas Hieronimus said the French beauty company has no immediate plans for more acquisitions in India after buying Innovist. The summary says India is becoming a key growth engine, with sales up about 18% compared with market growth of around 10%. The reporting does not say when the Innovist deal closed or what future targets, if any, are under review.