By  on September 20, 2019

PARIS – L’Oréal said on Friday that it had reached a settlement with France’s tax authorities regarding three of its subsidiaries, which resulted in an approximately 320 million-euro charge.

The discussions with the French authorities concerned the Lancôme Parfums and Beauté, Cosmetique Active International and Prestige et Collections units, and spanned the years 2014 to 2018.

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