Breaking News

L’Oréal Involved in $227 Million Lawsuit

November 11, 2005

RUSSIA: A $227 million lawsuit was filed against L’Oréal by Swiss company Temtrade, L’Oréal’s distributor in the Soviet Union and Russia from 1975-1999. Temtrade claimed L’Oréal knowingly violated its exclusive distribution agreement at a cost of nearly $250 million in profits. Sabina Tchelnokova, a spokesperson for Temtrade, said two former L’Oréal executives used “dubious Russian structures” to supply the “gray market” with cosmetics for personal gain.
blog comments powered by Disqus
  • What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 24, 2016
    Euromonitor weighs in on the implications for consumer product companies.

  • Henkel Grabs the Sun

    Henkel Grabs the Sun

    Ian Bell, Euromonitor International||June 24, 2016
    Euromonitor's Ian Bell on the impact the purchase will have on the US detergent industry.

  • To The Max

    To The Max

    Melissa Meisel, Associate Editor||June 20, 2016
    Velvet 59 is on the rise at locations like Ricky’s NYC.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.