L'Oreal CEO remains confident on outlook for beauty industry

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“The Carpe Diem of the moment really trumps inflation,” the head of the world’s largest cosmetics company told the Consumer Goods Forum’s Global Summit conference.

The chief executive of CK Hutchison Holdings Ltd owned beauty and health retailer A.S. Watson, Malina Ngai, told the same conference that its customers have become more cautious and selective about what they buy and where they buy it.