Nivea CEO Warns: "We Don't Want to Become the Next Automotive Industry"

Spiegel

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The business with the Nivea products of the Beiersdorf Group weakened significantly recently. Manager Warnery now complains about strict EU requirements and demands relief.

vrt

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The European cosmetics industry could lose its leading position due to strict European regulations. This warning comes from Vincent Warnery, the CEO of cosmetics company Beiersdorf (known for brands including Nivea). Competitors from countries such as the US, China, and South Korea face fewer regulations, giving them a significant advantage. "We don't want to become the next automotive industry," says Warnery.

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Handelsblatt

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Here you will find information on the topic "Cosmetics". Read now "Nivea-Chef: Don't want to become the next car industry".

Mitteldeutsche Zeitung

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According to Beiersdorf manager Warnery, EU requirements put too much pressure on companies. The European cosmetics industry creates jobs and needs to be relieved.

De Tijd

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Vincent Warnery, CEO of Beiersdorf, warns that the European cosmetics industry could lose its global lead if Europe continues on the path of overregulation. "We don't want to become the next automotive industry," he says in an interview with the German news agency DPA.