France Link

French cosmetics giant L'Oreal in 320m-euro tax readjustment

French cosmetics group L'Oreal announced on Friday it had reached a settlement with France's tax authorities to pay around 320 million euros in a correction of tax returns made by three of its subsidiaries between 2014 and 2018.

Reading articles is for subscribers only. Login

Cosmetics maker L’Oreal said on Friday it had reached a settlement with French tax authorities regarding three of its subsidiaries, including one linked to its luxury Lancôme brand, resulting in a charge of around 320 million euros, reports Reuters.

1€ for 15 days

Can be canceled online at any time

I subscribe

Only our readers can buy us

Support a 100% independent newspaper: without subsidies, without advertising, without shareholders

Get your information from a trusted source

Get exclusive access to revelations from an investigative journal

Already subscribed ?

Forgot password ?

See Journal’s homepage