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L'oreal CEO Says Sees No Slowdown In China
L'Oreal CEO Says Performance Of Consumer Division Still Disappointing
L'Oreal confident of further growth as Q3 sales rise
L'Oreal SA is a France-based holding company. The Company, through its subsidiaries, develops the business activities of the L'Oreal Group (Group) in the country or region in which they are located. The Company's non-core activities include insurance, reinsurance and banking. The Company’s Cosmetics Division is organized into four divisions: Professional Products, Consumer Products, L'Oreal Luxe and Active Cosmetics. The Professional Products Division products are used and sold in hair salons and beauty institutes. The Consumer Products Division products are sold in mass-market retail channels. The L'Oreal Luxe Division products are sold in selective retail outlets, such as department stores, perfumeries, travel retail, its own boutiques and certain online sites. The Active Cosmetics Division includes dermocosmetics products, which are sold through all health channels, such as pharmacies, parapharmacies, drugstores and medispas.
Personal & Household Prods.
41 rue Martre, Clichy Cedex
Chairman of the Board and Chief Executive Officer, Member of the Executive Committee
Deputy Chief Executive Officer for Divisions, Member of the Executive Committee
Vice Chairman of the Board
Vice Chairman of the Board
Chief Financial Officer, Executive Vice President, Member of the Executive Board
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L'Oreal's <OREP.PA> Lancome brand is planning to open a flagship store in China after launching its first major showcase in Paris this week, its chief executive said, as the company capitalizes on booming demand for high-end cosmetics.
Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world's largest shopping festival, with brands such as L'Oreal <OREP.PA> and Nestle <NESN.N> among the biggest winners, Alibaba <BABA.N> data showed.
Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world's largest shopping festival, with brands such as L'Oreal and Nestle among the biggest winners, Alibaba data showed.
Shares in cosmetics maker L'Oreal <OREP.PA> rose more than 6% early on Wednesday, a day after reporting its biggest quarterly jump in sales in more than a decade buoyed by demand from Asia.
Robust demand across Asia and especially in mainland China lifted sales at cosmetics maker L'Oreal <OREP.PA> in the third quarter, countering fears of a slowdown in the region as young shoppers gravitated towards the French firm's high-end brands.
Sales growth at Maybelline maker L'Oreal was faster than expected in the third quarter, as momentum remained strong in across Asia, its number one market, despite turmoil in Hong Kong.
* ANNOUNCED ON WEDNESDAY INVESTMENT IN GLOBAL VENTURE CAPITAL FUND CATHAY INNOVATION TO DEVELOP BEAUTY TECH STARTUPS IN CHINA
Cosmetics maker L'Oreal <OREP.PA> said on Friday it had reached a settlement with French tax authorities regarding three of its subsidiaries, including one linked to its luxury Lancome brand, resulting in a charge of around 320 million euros.
L'Oreal said on Friday it had reached a settlement with French tax authorities to solve a fiscal dispute involving three of its units.
L'Oreal <OREP.PA> shares fell on Wednesday after second-quarter sales growth missed forecasts and the cosmetics maker said it expected little improvement this year in the United States where demand for make-up is slowing.
L'Oreal shares slid lower on Wednesday after the French cosmetics maker reported weaker-than-expected sales growth in the second quarter, dragged down by a fall in North American revenues where demand for make-up is slowing.
France's L'Oreal <OREP.PA> on Tuesday posted weaker than expected second-quarter sales growth, in part as demand for make-up products such as its Maybelline mascaras faltered in North America.
Maybelline maker L'Oreal on Tuesday posted weaker-than-expected sales growth in the second quarter, as revenues fell in North America and its mass market division remained sluggish.
L'Oreal <OREP.PA> is in talks to buy the Mugler and Azzaro brands from Clarins Group, as the French luxury goods group reinforces its presence in upmarket cosmetics.
French luxury goods and cosmetics company L'Oreal has started exclusive talks with Clarins Group over buying the Mugler and Azzaro brands, L'Oreal said on Tuesday.
L'Oreal's virtual reality business ModiFace will provide make-up testing technology to Amazon, the French beauty group said on Tuesday, allowing customers of the shopping site to try on lipsticks using mobile phone videos or photos.
The Swiss blue-chip SMI was seen opening 0.3 percent lower at 9,550 points on Wednesday, according to premarket indications by bank Julius Baer.
French beauty group L'Oreal said on Thursday that Axel Dumas, the CEO of Birkin-bag maker Hermes, had resigned as a board member as the luxury group starts work on its own line of cosmetics.
L'Oreal's shares rose on Wednesday after the French cosmetics group beat first-quarter sales forecasts.
L'Oreal is banking on a turnaround in the group's mass market division that makes Garnier shampoo and skincare treatments this year, despite pressures in the United States and slowing make-up sales, its CEO said on Tuesday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.