Business · Companies · 3 hrs ago

L’Oréal’s Spain and Portugal chief urges fewer barriers for the beauty industry

L’Oréal’s Spain and Portugal chief urges fewer barriers for the beauty industry

Ana Jaureguizar took over as L’Oréal’s Spain and Portugal president in July after two decades with the company.

She leads a fast-growing division that has two factories in Spain.

Jaureguizar says European rules are making it harder for the company to move quickly and compete.

She says 70% of its research and development budget now goes to adapting to regulations.

She wants Spain to speak up in Brussels in defence of the industry.

The company is also looking to artificial intelligence and new investment to support growth.

Jaureguizar says the Spanish and Portuguese business is among L’Oréal’s fastest-growing divisions, but she did not give precise figures.

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What people are saying

Ana Jaureguizarpresident of L’Oréal in Spain and Portugal
I miss seeing Spain raise its voice in Brussels to defend our industry
via El Mundo
70% of our research and development budget is now devoted to adapting to the rules
via El Mundo