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L’Occitane Posts Big Gain in Q2

China, UK and Russia provide a lift.

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By: TOM BRANNA

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L’Occitane International S.A. reported net sales for the three months increased 18.8% to €216.5 million ($266 million at current exchange rates). The gain was helped by exchange rates. Excluding foreign currency translation effects, net sales growth was 10.7%. In terms of geographic areas, China, UK and Russia were the best-performing markets in net sales growth, reaching 41.4%, 34.8% and 31.0%, respectively. The Hong Kong market maintained an upward trend, with net sales growth at 21.9%. ...

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