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Hermès CEO steps down from L’Oréal board over new beauty line
French beauty company L’Oréal has announced in a press release that Axel Dumas, CEO of luxury fashion house Hermès, is no longer a member of the company’s board of directors because the upcoming launch of Hermès’ own cosmetics line may represent “a possible conflict of interest”. Hermès confirmed in March that it is working on a full range of...
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