Société anonyme au capital de 111 534 349,60 euros Siège social : 14, rue Royale, 75008 Paris 632 012 100 R.C.S. Paris Legal Entity Identifyer : 529900JI1GG6F7RKVI53 Disclosure of total number of voting rights and number of shares in the capital at 30 November 2021 Pursuant to article L-233-8 II of the French “Code de Commerce” and 223-16 of the AMF's General Regulations: Total number of shares : 557,672,360 Number of real voting rights (excluding treasury shares) : 557,672,360 Theoretical numbe
French cosmetics giant L'Oreal is offering shopping vouchers to some Chinese customers to settle a dispute over discounts that drew the ire of the country's top two livestreaming sales stars, the pair said. Li Jiaqi, known as "lipstick brother", and fellow top influencer Viya gave details of the compensation scheme to followers during a livestreaming event late on Thursday. L'Oreal Paris confirmed the details on its Weibo account in China.
PARIS (Reuters) -L'Oreal has reached an agreement with two of China's top livestreaming stars after a public dispute over discounts on Alibaba's Singles' Day earlier this month. "As already communicated by both top livestreamers, L'Oreal China and its partners have found a constructive and satisfactory solution to address the recent customers complaints in relation with Singles Day promotion," the company said in an emailed statement. Livestreaming stars Li Jiaqi and Viya posted on social media Wednesday that they had suspended ties with the French cosmetics giant after some followers complained, saying L'Oreal facial products they had promoted as carrying the biggest discounts of the year during Singles Day could be bought for less days later on L'Oreal's own platform.