L’Oréal To Produce Sanitizer

Amid the coronavirus outbreak, hand sanitizer is becoming difficult to come by—even for those who need it most. Last week, LVMH announced that it was switching over three of its factories from perfume to hand sanitizer, which it would distribute to French health authorities.
 
Now, L’Oréal is taking it upon itself to respond to this shortage.
 
According to reports, the company is using its facilities to produce both hand sanitizer and hydroalcoholic gel, two things in short supply since the outbreak of the virus.
 
The brand also intends to use its foundation to donate approximately $1.1 billion to help the disadvantaged during these times. The money will be distributed to several partner associations, who will also be offered hygiene kits and hydroalcoholic gel intended for use by social workers, volunteers and beneficiaries.
 
“In this exceptional crisis situation, it is our responsibility to contribute in every possible way to the collective effort,” explained Jean-Paul Agon, L’Oréal chairman and CEO. “Through these gestures, L’Oréal wishes to express its appreciation, support and solidarity with all those who mobilize with extraordinary courage and abnegation to fight against this pandemic.”
 
Additionally, L’Oréal is freezing all of the receivables owed to them by small and medium-sized businesses as a result of the crisis. The company will work with those most affected to set up a payment system better tailored to their current situation.