L’Oréal Groupe CEO Nicolas Hieronimus and CFO Christophe Babule discuss the impact of the Middle East conflict, including the chance of price increases in Q2. By its CFO’s calculations, L’Oréal Groupe could lose between $105 million and $117 million from supply chain price increases caused by the conflict if it continues.
It’s not uncommon for fragrance brands to rely on one top seller to drive a quarter or even a third of overall sales. But Mind Games, the luxury chess-inspired fragrance brand launched by Alex Shalbaf in 2022, is going a different…