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COSMAIR USA 1993 REVENUES ADVANCE 11.9% TO $1.32 BIL.

This article was originally published in The Rose Sheet

Executive Summary

COSMAIR USA 1993 REVENUES ADVANCE 11.9% TO $1.32 BIL., L'Oreal S.A. stated in its recently released annual report. Cosmair USA generated approximately 18% of L'Oreal's total 1993 managed cosmetics sales of FFr 43.5 bil., or $7.38 bil. based on a Dec. 31 exchange rate of $1 = FFr 5.894. Managed cosmetics sales, which include the Paris-based company's consolidated sales plus revenues generated by companies managed by L'Oreal under long-term contracts such as Cosmair USA and Cosmair Canada, rose 10.3%. Cosmair Canada sales were $202 mil. in Canadian dollars, or U.S. $152.1 mil. based on a Dec. 31 exchange rate of U.S. $1 = Canadian $1.3285.
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