Old Dog, New Tricks: L’Oreal’s Fiscal 2019 Shows Best Growth Since 2007
L’Oreal is not only learning new tricks in today’s digital world but continuing to outpace the competitive pack, with sales up double digits in fiscal 2019 to €29.9bn.
You may also be interested in...
Makeup softness isn’t the problem, per se, in L’Oreal’s sluggish US business, which is fixable with sharper innovation and execution driven by a newly instated leadership team, CEO Jean-Paul Agon says. L’Oreal’s overall global sales in fiscal 2019 to date are up 7.5%, like-for-like, after continued strong momentum in its fiscal 2019 third quarter.
Luxury beauty growth shows no signs of slowing, and L’Oreal markets some heavy hitters in the luxury tier. But L’Oreal Paris, Maybelline and other big names within the firm’s Consumer division also are having a superb year, with one noted exception.
L’Oreal's New K-Beauty Brand; Dollar Shave Club Making Moves; Mineral Sunscreen Opportunity; More Cosmetics News
Growing Korean beauty brand 3CE will join L’Oreal’s portfolio under a deal announced May 2; Unilever aims to drive new growth in Dollar Shave Club with additions to its executive team, including from Target and Nike. More cosmetics news briefs.