L’Oréal has announced its U.K. head office, located in London, will be moving to White City building. The White City building houses BBC and ITV studios and other companies like Ralph&Russo and Yoox Net-a-Porter will also be opening new offices there, according to MDS.
The move for the headquarters, of its business in the United Kingdom and Ireland, will occur in the fall of 2023, when L’Oréal’s current lease in Hammersmith ends. The new offices will host 1,000 employees.
The company ended its last fiscal year with a profit of €3.9 billion, up 8.8% year-on-year, and its sales reached €26.9 billion, up 7.1% from the previous year.