L'Oréal pays out €320m in tax dispute resolution

The payment concerns tax charges relating to the beauty giant's subsidiaries Lancôme Perfumes & Beauty, Active Cosmetics International and Prestige & Collections International

Skinceuticals is a brand under the Active Cosmetics division

French cosmetics giant L’Oréal has agreed to pay the French tax authorities €320m in order to settle a dispute relating to three of its subsidiaries.

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