Cosmetics: Nivea boss warns of excessive regulation in Europe
According to Beiersdorf manager Warnery, EU regulations put companies under too much pressure. The European cosmetics industry creates jobs and needs to be relieved.
Vincent Warnery, CEO of Beiersdorf, warns that the European cosmetics industry risks losing its leading position in the global market. He appeals to the EU not to overburden the industry with regulatory requirements, citing the danger that European companies may lose competitiveness due to less stringent regulations on competitors from other countries.
Warnery emphasizes that European skincare products already meet the strictest quality standards, yet are still required to remove certain ingredients even if they pose no risk. He also criticizes the EU's revised Urban Wastewater Directive, which would financially hold manufacturers of cosmetics and pharmaceuticals responsible for pollution.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
