Nestle is exploring ways to reduce its US$30 billion stake in L’Oreal and has signalled its intentions to the management of the world’s largest cosmetics maker, sources said.
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L’Oréal pulls Garnier from China
French cosmetics company L’Oréal said it is pulling its Garnier brand from the Chinese market amid slowing sales, the second beauty firm to pare exposure to the country in the past week
T…
L’Oreal Group appoints Marc Speichert as CMO
L’Oreal Group recently appointed Marc Speichert as chief marketing officer.
As CMO of L’Oreal USA since 2010, Speichert led the company tapping business opportunities using digital technol…
L’Oréal revenue falls on currency effects
L’Oréal SA posted a surprise drop in quarterly revenue, hit by negative currency effects and slower growth in the US.
To view the full article (note: you must be a Wall Street Journal Onl…
L’Oreal China president dies in Italy at age 63
The president of L’Oreal China, who helped set up the Chinese business for the French cosmetic giant based in Shanghai and was awarded a high city honour, has died in Italy.
Paolo Gasparrini die…
L’Oréal predicts China boom
L’Oréal, the beauty group, believes its customer base in China could increase by 250 million people in the next few years, as the country becomes the biggest global market for many of its…
Chinese cosmetics sales up 12.4pc for L’Oreal
L’Oreal published its financial report for 2012 in Shanghai, stating that its sales in China reached CNY12.05 billion (USD1.9 billion) in 2012, a year-on-year increase of 12.4 percent.
Alexis Pe…
L’Oreal looking at innovation to ramp up operations
French makeup and cosmetics maker L’Oreal is on an aggressive expansion mode in India. According to the global team, India is set to become the sixth largest market by 2020. The company plans to…
L’Oreal buys edgy US makeup brand
French beauty giant L’Oreal is attempting to raise its street cred with the acquisition of edgy makeup brand Urban Decay.
The financial details were not disclosed but it is thought L’Oreal…
L’Oreal says luxury growth slows, Asia tough
L’Oreal’s sales trends continued to worsen by the end of September for the third quarter running, particularly for its luxury and professional products, the world’s biggest cosmetics…