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L’Oréal’s Sales Tumble in First Half

But CEO commends the Group for its resilience during the pandemic.

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By: TOM BRANNA

Editor

L'Oréal, the world's biggest beauty company, took a beating in the first half 2020, but CEO Jean-Paul Agon insists the group is on the mend and showed “great resilience” during the pandemic.   Overall, sales fell 11.7% to E13.07 billion ($15.8 billion), but some divisions held up better than others. As one might suspect, professional product sales led declines, falling 21.7%; followed by L'Oréa Luxe (-14.9%) and Consumer Products (-10.4%). Active Cosmetics was ...

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