L'Oréal's sales rose 7.6% last year to 41.18 billion euros ($44.4 billion at current exchange rates). Like-for-like gains were 11% on the year. However, L’Oréal posted worse-than-expected Q4 organic sales results. The company said its sales for the three months ended Dec. 31 grew 2.8% at reported exchange rates to 10.61 billion euros. That represented a 6.9% organic rise. Analysts had expected the group’s like-for-like growth to be 9.5%. “The miss comes almost entirely from China...