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0.00111587982832609 0.000991893180734375 0.000324272770624624 -0.000457796852646655 -0.00134000953743446 -0.00251502145922747 -0.00529327610872682 -0.00352885073915121
Stock impact report

Italy investigates Sephora and Benefit Cosmetics over marketing to children [BNN Bloomberg (Canada)]

LVMH-MOET H/L/V UNSP/ADR (LVMUY) 
NASDAQ:AMEX Investor Relations: lvmh.com/investors
Company Research Source: BNN Bloomberg
AGCM said it was concerned the brands were using very young micro-influencers on social media to encourage premature use of adult cosmetics and compulsive purchasing of face masks, serums and anti-aging creams, habits linked with “cosmeticorexia” - an obsession with skincare among minors. LVMH, Sephora and Benefit Cosmetics did not immediately reply to a request for comment. “The investigations were opened over concerns that important information – such as warnings and precautions for cosmetics not intended for, or tested on, minors – may have been omitted or presented in a misleading manner,” AGCM said in a statement. Frequent use of a wide range of cosmetics by minors without proper awareness may be harmful to their health, the regulator said. AGCM officials and the Italian financial police carried out inspections at the premises of Sephora Italia, LVMH Profumi e Cosmetici Italia and LVMH Italia on Thursday, the authority said. Reporting by Enrico Sciacovelli and Helen Re Show less Read more
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