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Earlier this week, the L’Oréal group unveiled a Europe-wide solidarity program aimed at supporting the medical, food distribution, beauty and non-profit industries. The French beauty giant is ramping up its production of hand sanitizer in order to bolster supplies for health authorities across France and Europe.
In a bid to protect small and medium-sized beauty businesses such as salons and perfume shops from folding under the economic impact of the crisis, L’Oréal has said it will freeze payments due from its distribution networks until business picks up, and increase the frequency of payments to its suppliers where needed.
Via EcoVadis
