L'Oréal first quarter sales dropped 2.2% as demand for mass market products and brands such as Garnier and Maybelline slows, but company CEO Jean-Paul Agon is confident that the French firm will bounce back as quickly as next quarter.
The world’s biggest cosmetics company, L’Oreal, has recorded continued growth at well above market average rates for its second quarter and first half financial results, although southern European revenues decline.
L’Oréal CEO Jean-Paul Agon has stated that he does not expect any change in the next twelve months for the global cosmetics market after the French firm posted its third-quarter sales in which growth has slowed.
Personal care label provider Multi-Color is investing in the Central and Eastern region by entering into a share purchase agreement that will see it acquire the Poland-based Consumer Products and Spirit Label Company.
L'Oreal has met its targets for 2006 after reporting a strong
fourth quarter results, driven by renewed vigour in the Western
European markets and a continued strong performance in new markets
such as Russia and China.
Sweden-based direct sales player Oriflame says it will continue to
focus its plans for sustained growth on Eastern Europe and
Mediterranean regions, following the publication of its 2005
World leading cosmetics companies have rediscovered "the rest of
the world" - everywhere outside Western Europe, North America
and Japan - as one of the strongest forces driving sales growth.
With increasing incomes, the...