Financial News

First Half Sales Slip at L’Oréal

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By: TOM BRANNA

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L’Oréal’s first half sales declined slightly by 0.2% in the first half to nearly $15.6 billion. “In a beauty market which remains dynamic and is becoming more premium, L’Oréal is continuing to achieve strong growth. In lively markets, the L’Oréal Luxe and Active Cosmetics divisions have both recorded double-digit growth, driven by the power of their brand portfolios and the quality of their innovations,” said Jean-Paul Agon, chairman and chief executive officer. According to Agon, the “Con...

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