|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||395.55 - 406.15|
|52-week range||290.10 - 430.45|
|Beta (5Y monthly)||0.54|
|PE ratio (TTM)||55.64|
|Forward dividend & yield||4.00 (1.01%)|
|Ex-dividend date||27 Apr 2021|
|1y target est||N/A|
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.
French cosmetics giant L'Oreal on Thursday said it had reached a "constructive and satisfactory solution" following a dispute about prices during Alibaba Group's Singles Day shopping promotion early this month. In the Chinese retail industry, companies have become increasingly reliant on popular culture personalities to market products in live streams followed by millions of fans. China's top two livestreaming sales stars Li Jiaqi and Viya in social media posts on Wednesday said ties with L'Oreal had been suspended after some followers said 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.