Jean-Paul Agon, chief executive officer of L'Oreal SA, from left, Laurent Attal, executive vice president of research and innovation for L'Oreal SA, and Mohamed Kanji, director of research and innovation for L'Oreal India Pvt. Ltd., listen during a news conference for the opening of the company's first research and innovation center in Mumbai, India, on Thursday, Jan. 10, 2013. L'Oreal SA, the world's largest cosmetics maker, today inaugurated its new Indian R&I center. Photographer: Dhiraj Singh/Bloomberg via Getty Images