Mar 14, 2023
EU Raises Alarm Over Chinese Demands for L’Oreal, LVMH Cosmetics Trade Secrets
Alberto Nardelli and
Angelina Rascouet
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The European Union has raised concerns with China about the detailed product information that cosmetics companies like L’Oreal and LVMH have to provide in order to sell their goods in the country.
China is phasing in rules making cosmetics firms supply data spanning from ingredients to details of manufacturing processes, the sourcing of raw materials, and the precise composition of formulas. Much of the information is collected and stored in a database managed by Chinese authorities.