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Strong demand for mass market products.
October 21, 2010
By: TOM BRANNA
Editor
L’Oréal SA, the world’s largest cosmetics group, Thursday said third-quarter sales jumped 15% driven by strong consumer demand for its mass-market products. For the nine, sales increased 11.6% to nearly $19 billion. L’Oréal said third-quarter sales totaled 4.85 billion euros ($6.77 billion) compared with 4.24 billion euros a year earlier. Eliminating currency fluctuations and acquisitions, sales grew 5.8%. “The growth is due to the improvement in market sha...
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