A woman watching skin care products on the L’Oreal cabin during the 7th Chinese International Importing Exhibitions (CII) at the National Exhibition and Congress Center (Shanghai) on November 5, 2024 in Shanghai, China.
Kina News Service | Kina News Service | Getty Images
French cosmetic giant L’Oreal On Thursday, he reported in the fourth quarter about the sale lower than expected due to the continued weakness in the Chinese beauty market and slowdown in the US demand
The world’s largest beauty brand has published sales of EUR 11.08 billion (11.49 billion USD) in three months to December, which increased 2.5% in a similar way and only shyly 11.1 billion euros estimated by analysts estimated in a poll LSEG.
The entire sale arrived at EUR 43.48 billion compared to EUR 43.33 billion.
The company, whose brands include Lancôme, Maybelline and Kiehl’s, is struggling with a weaker consumer demand compared to the recent quarter, especially in the key Chinese market, which also scored the luxury firms of top-notch.
This is the story of the news and will be updated soon.
