Age doesn’t stop L’Oreal sprinting
L’Oreal is in our portfolio because it is a global market leader in a sector which has enormous potential to grow quickly in the emerging markets. This is the ultimate guide to updates from the world leading cosmetics company.
L'Oreal (EPA: OR) is 100 years old but it has just reported a 12% increase in operating profits. Age is certainly not stopping this cosmetics company from accelerating. Like-for-like revenue growth of 7.3% is the fastest the company has managed for more than a decade and has come in well ahead of the market growth rate.
Demand for the group's luxury brands, Lancôme, Yves Saint Laurent, Giorgio Armani and Kiehl's is particularly strong in Asia, where…
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