In order to accompany our development and that of L’Oréal's partner suppliers, the Group wishes to develop lasting relationships with competitive suppliers.
L’Oréal assesses the competitiveness of suppliers on the basis of on-site meetings, exchanges of information, cost breakdown analyses, and a thorough analysis of costs, all beginning once a project is initiated.
Throughout our discussions with suppliers, overall cost reduction is a major concern. In light of this, L’Oréal continuously collaborates with its partners in order to find the best overall pricing formula.