L’Oréal has hired restructuring advisers from a large law firm to address claims related to talc, according to Above the Law. The move signals that the company is exploring ways to manage its exposure to talc-related tort litigation.
One option under review would move the tort liabilities into a separate entity and sell that entity to an outside investor. The report does not specify whether other options are also on the table or which approach L’Oréal is likely to take.
The company has not publicly commented on the restructuring review, and no further details about the potential transaction have been reported.