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L’Oréal cancels dividend increase and launches €150m social and environmental fund to support coronavirus response

L’Oréal cancels dividend increase and launches €150m social and environmental fund to support coronavirus response – Luxus Plus

“2020 will be a difficult year, L’Oréal will get through it” Jean-Paul Agon pointed out a few days ago. To this effect, L’Oréal’s Board of Directors took a series of measures yesterday, Tuesday, May 12. Among them, the cancellation of the 10.4% dividend increase but also the launch of a social and environmental solidarity programme: “L’Oréal for the future”.

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