By  on April 17, 2014

PARIS — At L’Oréal’s annual general meeting on Thursday, chairman and chief executive officer Jean-Paul Agon fielded tough questions from shareholders about The Body Shop, which has failed to grow in line with targets since its 2006 acquisition.

“It is true that the integration has not been successful. We were scared that the company culture was so different, and we didn’t want to destroy its value,” Agon acknowledged, adding L’Oréal therefore chose to operate the activity separately from its four core divisions.

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