On July 2, in response to the news that “L'Oréal Group plans to lay off employees in Hong Kong, China, up to 90%,” L'Oréal China responded that the rumored information about L'Oréal Hong Kong was untrue. It is reported that in order to respond to the changing market environment and consumer needs, L'Oréal will continue to evaluate and optimize the Group's organizational structure in the global and local markets to ensure that it keeps pace with the times. L'Oréal China said that in order to fully respond to the increasingly integrated regional market ecology and changing consumption models, “We are transforming and constructing a new operating model to promote greater synergy and mutual benefit and win-win between Hong Kong and mainland China's organizational structures.” The new architecture will combine the advantages of both markets, including the retail experience of Hong Kong, China, and the strength of mainland China in the digital and e-commerce fields to better serve both markets, particularly consumers in the Greater Bay Area.

On July 2, in response to the news that “L'Oréal Group plans to lay off employees in Hong Kong, China, up to 90%,” L'Oréal China responded that the rumored information about L'Oréal Hong Kong was untrue. It is reported that in order to respond to the changing market environment and consumer needs, L'Oréal will continue to evaluate and optimize the Group's organizational structure in the global and local markets to ensure that it keeps pace with the times. L'Oréal China said that in order to fully respond to the increasingly integrated regional market ecology and changing consumption models, “We are transforming and constructing a new operating model to promote greater synergy and mutual benefit and win-win between Hong Kong and mainland China's organizational structures.” The new architecture will combine the advantages of both markets, including the retail experience of Hong Kong, China, and the strength of mainland China in the digital and e-commerce fields to better serve both markets, particularly consumers in the Greater Bay Area.