×
71 512
Fashion Jobs
MACY'S
Asset Protection Officer, Tulsa - Part Time (2840)
Permanent · Owasso
MACY'S
Asset Protection Detective, Fairlane Town Center - Full Time
Permanent · Dearborn
MACY'S
Asset Protection Detective, Maplewood - Full Time
Permanent · Maplewood
MACY'S
Beauty Account Coordinator
Permanent · New York
MACY'S
Asset Protection Detective, Lakeside - Standard Part Time
Permanent · Metairie
MACY'S
Asset Protection Detective, Westland - Full Time
Permanent · Hialeah
ATHLETA
General Manager - Atlantic Station
Permanent · Atlanta
ATHLETA
Assistant General Manager ne - Summit (The)
Permanent · Birmingham
SHISEIDO
Digital Marketing Manager
Permanent · Miami
ABERCROMBIE AND FITCH CO.
Asset Protection Investigator
Permanent · Columbus
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Southport
Permanent · Chicago
GILLY HICKS STORES
Gilly Hicks - Manager in Training, Easton Town Center
Permanent · Columbus
COTY
Coordinator, Sales Operations
Permanent · New York
FOOT LOCKER
Atmos Usa Manager in Training(Mit)
Permanent · Arlington
UNIQLO
Loss Prevention Supervisor - Great Mall, Milpitas ca
Permanent · Milpitas
OLD NAVY
Regional HR Manager - Southern California
Permanent · Los Angeles
OLD NAVY
Assistant Manager, Customer Operations - Poyner Place
Permanent · Raleigh
OLD NAVY
Assistant Manager, Customer Operations - Dierbergs-Edwards
Permanent · Edwardsville
OLD NAVY
General Manager -Riverdale Village
Permanent · Coon Rapids
OLD NAVY
Asset Protection Service Representative - Hudson
Permanent · Jersey City
OLD NAVY
Asset Protection Service Representative
Permanent · Fresno
OLD NAVY
Assistant General Manager, Merchandising - Plaza at Citrus Park
Permanent · Tampa
By
Reuters
Published
Jun 4, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L'Oreal says plans to build factory in Russia

By
Reuters
Published
Jun 4, 2009

MOSCOW, June 4 (Reuters) - French cosmetics group L'Oreal (OREP.PA) plans to build a plant in Russia, Pekka Huttunen, L'Oreal Russia General Director, said on Thursday 4 June.


Doutzen Kroes and Eva Longoria for L'Oréal Paris

Like other importers, L'Oreal is struggling with currency devaluations in former Soviet Union states and is seeking to lower production costs by opening local factories.

Huttunen said the world's biggest beauty products group had bought a plot of land in the Kaluga region and was hoping to start construction of its own factory later this year.

"It is going to be small in the beginning and then as soon as it is necessary we will make it bigger. But I think pretty soon it is going to be like any other factory in Europe. It depends on the market in Russia and the neighbouring countries."

According to the local administration, L'Oreal signed a memorandum with the Kaluga region government last year on the construction of a 45 million euro factory. Huttunen said the plant would produce mainly hair care products.

L'Oreal, the provider of Lancome, Biotherm and Vichy creams, said on Thursday 4 June it saw the world cosmetics market flat or growing slightly this year and forecast the group's trading to improve in the quarters ahead. "We have more or less zero growth in roubles which means, of course, a contraction in euros, after devaluation, but it is not a catastrophe," Huttunen said about the Russian market.

"Maybe there is going to be a little bit of a slowdown of demand in our markets but in the same time in many businesses we are getting a lot of market share," he added.

But he said 2010 might be tougher if the rouble continues to lose its value.

(Reporting by Maria Plis; Writing by Maria Kiselyova; Editing by Erica Billingham)

© Thomson Reuters 2022 All rights reserved.