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This article was originally published in The Rose Sheet

Executive Summary

In response to Jean and David Frydman's full-page ad in the Aug. 11 New York Times charging that L'Oreal complied with the Arab League boycott of Israel ("The Rose Sheet" Aug. 15, In Brief), the company states it "regrets having given even the appearance of compliance" and maintains that it has had an "unbroken business relationship with Israel -- even when the Arab Boycott Office was blacklisting its links to Israel -- and has never engaged in discrimination of any kind in the conduct of its business throughout the world." In its two-page statement, L'Oreal says it has been "falsely accused of anti-semitism," noting that it has Jewish senior executives and staff, including "a French Jew, Charles Zviak [who] was Chairman and CEO of L'Oreal during the very period when L'Oreal is falsely accused of a company conspiracy to secure delisting from the Arab blacklist

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