PALM BEACH, Fla. — The second day of the WWD Beauty CEO Summit was full of insights, including a broad-brush picture of what it is that makes the industry so remarkable.

“What I love about beauty is that it’s changing over time,” said Alexis Perakis-Valat, chief executive officer of L’Oréal USA. “It’s in the land of emotions and of rational thinking, of desire and functionality, of left brain and right brain, of math and a lot of logic. This blend is absolutely amazing. And, of course, the fact that it’s a force for good.”

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