L’Oreal Luxe, Lancome Turnaround Boost Revenue
This article was originally published in The Rose Sheet
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L'Oreal's Consumer Brands Drive North America Sales, Share Gains
Maybelline, L’Oreal Paris and Garnier led a 7.9% sales increase on a like-for-like basis in North America in the second fiscal quarter, L’Oreal reports July 26. CEO Jean-Paul Agon tells analysts the firm was the “leader in innovation” in cosmetics in all continents and retail channels.
L'Oreal “New Markets” Sales Surpass Western Europe In Q1
L’Oreal’s sales in Eastern Europe, Asia Pacific, Latin America and Africa/Middle East made up 39.4% of its total cosmetics sales for the first quarter, surpassing Western Europe at 36.8%. The firm’s luxury unit continues to enjoy strong momentum, booking €1.32 billion ($1.73 billion) in sales, up 12.2% from the prior-year period.
L’Oreal’s Anti-Aging Research Delivers Lancôme Visionnaire
New Lancôme Visionnaire’s active ingredient travels through skin layers to prevent and repair aging skin, the L'Oreal division says.