PARIS: L'Oreal has engaged restructuring advisers to explore options for rising US legal liabilities linked to its use of talc and other chemical ingredients in some of its cosmetic products, the Wall Street Journal reported on Monday.
The cosmetics maker's US unit is working with restructuring counsel Weil Gotshal & Manges and investment bank Ducera Partners to address lawsuits from individuals alleging the talc products caused illness, the Journal said, citing people familiar with the matter.
L'Oreal said in its latest half-year report that about 760 US proceedings over the alleged presence of asbestos particles in some talc-containing cosmetic products were pending as of June 30, up from about 620 at the end of 2025, and that it strongly contests the claims.
