L'Oreal Wants Google Executive on Its Board to Boost Web Sales

Advertisement
By Agence France-Presse | Updated: 12 February 2016 18:30 IST
L'Oreal, the world's biggest cosmetics company, said Friday it wants a leading Google executive to join its board to help the company boost online sales.

If L'Oreal's annual shareholders meeting on April 20 accepts management's recommendation, Eileen Naughton, Google's managing director and vice president for UK and Ireland sales and operations, will join the board, replacing former Renault chairman Louis Schweitzer.

"It's very important to have someone who can help the group navigate the digital world," L'Oreal chairman Jean-Paul Agon told an earnings news conference.

"We chose her because she's a great lady, very perspicacious, with great experience," he said.

Advertisement

"I don't know whether (internet giants) will one day be our competitors, but for now they're excellent partners," he said.

Advertisement

Agon said social networks and the growing "selfie" trend were important factors for growth in the beauty products sector, calling digital business "a fantastic new dimension".

One quarter of L'Oreal's PR budget is already destined for the internet, and the company has hired 1,000 new staff in the past three years to boost its online presence.

Advertisement

L'Oreal's online sales were EUR 1.3 billion (roughly Rs. 10,271 crores) last year, up 38 percent from 2014.

But this still only represents 5 percent of overall sales.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Eileen Naughton, Google, Internet, L'Oreal
Advertisement
Popular Mobile Brands
  1. OnePlus 15R Confirmed to Come With 32-Megapixel Selfie Camera
  2. Apple Finally Releases iOS 26.2 Update for iPhone With These Features
  3. Supernatural Thriller Jatadhara Now Streaming on OTT: All the Details
  1. Kepler and TESS Discoveries Help Astronomers Confirm Over 6,000 Exoplanets Orbiting Other Stars
  2. Supernatural Thriller Jatadhara Arrives on OTT: Where to Watch Sonakashi Sinha-Starrer Film Online?
  3. OnePlus 15R Confirmed to Come With 32-Megapixel Selfie Camera, 4K Video Recording Support
  4. Rocket Lab Clears Final Tests for New 'Hungry Hippo' Fairing on Neutron Rocket
  5. Apple Rolls Out iOS 26.2 Update for iPhone With Liquid Glass Customisation, Changes to Apple Music, and More
  6. Aaromaley Now Streaming on JioHotstar: Everything You Need to Know About This Tamil Romantic-Comedy
  7. Astronomers Observe Star’s Wobbling Orbit, Confirming Einstein’s Frame-Dragging
  8. Galaxy Collisions Found to Activate Supermassive Black Holes, Euclid Data Shows
  9. JWST Detects Oldest Supernova Ever Seen, Linked to GRB 250314A
  10. Chandra’s New X-Ray Mapping Exposes the Invisible Engines Powering Galaxy Clusters
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.