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A Demand for Luxury Gets LOral Off to a Good Start

A Demand for Luxury Gets L’Oréal Off to a Good Start

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By: TOM BRANNA

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Strong growth in consumer products and luxury products as well as good performance in North America led to a favorable first quarter for international beauty giant L’Oréal, as Q1 sales rose 9.3% to $7.37 billion. Continuing dynamism in new markets also assisted in the growth, according to the company. Commenting on the figures, Jean-Paul Agon, chairman and CEO of L’Oréal, said, “The start to this year is encouraging, as it confirms the group’s good dynamics, to which all divisions are contribut...

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