L’Oréal S&E
This article was originally published in The Rose Sheet
Executive Summary
Consumer products net sales grew 5.5% like-for-like or 6.4% on a reported basis to $7.48 bil. (€1=$1.25) for the first nine months of the year, French beauty company reports Oct. 12. In the U.S., the Fructis range made further market share gains, while Nutrisse made "great strides forward" and Maybelline brand sales were boosted by SuperStay lipstick and Dream Matte Mousse foundation, firm notes. Luxury cosmetics sales advanced 4.9% like-for-like or 6.5% on a reported basis to $3.37 bil., while professional product sales increased 3.4% like-for-like or 4% as reported to $2 bil. Net sales for the nine months were up 5.6% like-for-like and 8.3% on a reported basis to $14.57 bil...