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With prestige sales slumping, changes may be in the air.
March 2, 2010
By: TOM BRANNA
Editor
Just about every beauty company on the planet got waylaid by the recession. Sales in nearly all sectors took a hit during the prolonged contraction of the economy, but some companies are returning to growth faster than others. L’Oréal isn’t one of them. The biggest pure-play beauty company in the world has been caught in an organic sales growth slump for the past couple of years. In 2009 things got even worse and now, some analysts are suggesting that the company should start taki...
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