By  on April 18, 2019

PARIS — Axel Dumas, chief executive officer of Hermès International, has stepped down from L’Oréal’s board, where he had served as director.

“The board of directors has taken note of the resignation of Mr. Axel Dumas as director, due to the recent announcement by Hermès of the launch of a cosmetics line that may represent a possible conflict of interest,” L’Oréal wrote in a statement that was released following the company’s annual general meeting on Thursday.

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