A slowing market in North America, coupled with a high comparison to a year ago, resulted in L'Oréal reported a 2.2% decline in first quarter sales to 5.64 billion euros ($7.8 billion at current exchange rates). However, on a like-for-like basis, sales rose 3.5% and 2.8% at constant exchange rates. The company noted that while the L'Oréal Luxe and the Active Cosmetics divisions maintained good momentum, and the Professional Products division has returned to growth in Western Europe and...