CLICHY (dpa-AFX) - L'Oréal (LRLCY.PK) announced the company 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 said the company is surprised by the decision, and will appeal the decision.
L'Oréal said it refutes accusations of anticompetitive activity with 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.
Copyright RTT News/dpa-AFX