NAPA, CALIFORNIA - JUNE 24: (L-R) Dr. Catherine Chang and Dr. Shim Ching speak onstage during The Business of Beauty Global Forum 2026 at Stanly Ranch on June 24, 2026 in Napa, California. (Photo by Frazer Harrison/Getty Images for the Business of Fashion)

NAPA, CALIFORNIA - JUNE 24: Imran Amed, Founder & CEO, The Business of Fashion attends The Business of Beauty Global Forum 2026 at Stanly Ranch on June 24, 2026 in Napa, California. (Photo by Monica Schipper/Getty Images for The Business of Fashion)

NAPA, CALIFORNIA - JUNE 24: Emma Dabiri speaks onstage during The Business of Beauty Global Forum 2026 at Stanly Ranch on June 24, 2026 in Napa, California. (Photo by Monica Schipper/Getty Images for The Business of Fashion)

(FILES) People take part in a protest organised by associations Attac, Avaaz, 350 and Action Justice Climat Paris, with TotalEnergies's headquarters tower in the background on the sidelines of its annual general meeting, to denounce "the financial and political support the group continues to receive, despite its ongoing fossil fuel projects and their human, climate and environmental impacts", in the forecourt of La Defense business district in Puteaux on May 29, 2026. Paris' courthouse will deliver a verdict in the Totalenergies trial on environmental vigilance requirements on June 25, 2026. (Photo by SIMON WOHLFAHRT / AFP via Getty Images)

(FILES) This photograph shows part of the head office building of French giant multi-energy company TotalEnergies at La Defense business district in Courbevoie, west of Paris, on May 24, 2024. Paris' courthouse will deliver a verdict in the Totalenergies trial on environmental vigilance requirements on June 25, 2026. (Photo by STEPHANE DE SAKUTIN / AFP via Getty Images)

(FILES) This photograph shows screens displaying the logo of the company Renault, listed on the CAC 40, the main stock market index of the Paris Stock Exchange, in Toulouse on March 31, 2026. French carmaker Renault announced on June 24, 2026 a voluntary redundancy plan in France affecting 800 engineers, mainly in the Ile-de-France region, as part of a reorganisation of its engineering division aimed at countering Chinese competition. (Photo by Lionel BONAVENTURE / AFP via Getty Images)

(FILES) This photograph shows the logo of the French company "Renault" displayed at the Paris Motor Show at Paris Expo Porte de Versailles in Paris on October 16, 2024. French carmaker Renault announced on June 24, 2026 a voluntary redundancy plan in France affecting 800 engineers, mainly in the Ile-de-France region, as part of a reorganisation of its engineering division aimed at countering Chinese competition. (Photo by JULIEN DE ROSA / AFP via Getty Images)

A pedestrian looks at the window case of a clothing store bearing a placard promoting French summer sales on the opening day in Paris on June 24, 2026. The summer sales kick off on June 24, 2026, amid scorching heat, "a godsend" for air-conditioned department stores where consumers take refuge, but a source of concern for downtown shops, which fear purchases will shift to ultra-fast-fashion online platforms. (Photo by Charlotte SIEMON / AFP via Getty Images)