In a statement the CEO of French cosmetics group L’Oreal said, it has not seen any inflationary impact on purchases of its beauty products.

“So far we see no impact of inflation and price impacts on consumers’ beauty consumption,” said L’Oreal CEO Nicolas Hieronimus after speaking on a panel on responsible consumption at the World Economic Forum in the Swiss Alpine resort of Davos.

Companies which make consumer products have been grappling with soaring costs; last month L’Oreal said, it has beaten sales expectations for the first quarter of 2022.

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Tags: beauty consumption, beauty products, CEO, consumers, cosmetics, France, French, impact, inflation, inflationary, L'Oreal, Nicolas Hieronimus, price impacts, responsible consumption, World Economic Forum