It's been more than two years since Nicolas Hieronimus, the general manager of L'Oréal, has not seen Fabrice Megarbane, the boss of the Chinese subsidiary of the world leader in cosmetics, face to face.
It is however one of the most important and one of the most strategic of the French group.
Like him, Antoine de Saint-Affrique, managing director of Danone for a year, Henri Giscard d'Estaing, president of Club Med, or even Carlos Tavares, managing director of Stellantis, have not set foot in the empire of Middle for almost three years.
The exceptions are few, such as Jean-Pascal Tricoire, CEO of energy management giant Schneider Electric, based in Hong Kong, since 2011.
Shooting in Shanghai directed from Paris
For the local teams, as well as for the managers and executives of the headquarters of French multinationals established in China, this is a revolution.
Before the pandemic, CEOs made the trip once or twice a year;
headquarters and divisional management were constantly sending teams to…
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