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L'Oreal

This article was originally published in The Rose Sheet

Executive Summary

Cosmetics sales increased 10.8% through nine months, or 12.1% excluding the impact of foreign currency, the company announced Oct. 15. Consolidated sales rose 10.1% to $10.18 bil. (11.4% excluding exchange rate impact) over the prior-year period. L'Oreal said 1.5% of the sales increase was attributable to the consolidation of new cosmetics, dermatological and pharmaceutical subsidiaries in Western Europe and North America. Dermatology and pharmaceutical sales increased 29.3% and 6.5%, respectively
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