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L’Oréal Q3 Sales Rise 6.2%

PARIS — L’Oréal posted a 6.2 percent sales rise in the third quarter of 2018, bolstered by its Luxe and Active Cosmetics divisions.
In the three months ended Sept. 30, the company registered its highest quarterly growth rate in a decade.
“In a beauty market that continues to accelerate, driven by robust growth in skin care, the group maintains its strong momentum, with contrasted performances between the divisions,” said Jean-Paul Agon, L’Oréal chairman and chief executive officer, in a statement released Tuesday. “L’Oréal Luxe is showing dynamic growth, underpinned in particular by its four biggest brands — Lancôme, Saint Laurent, Giorgio Armani and Kiehl’s. The Active Cosmetics division, which continues to post double-digit growth, is being driven worldwide by consumer aspirations for dermo-cosmetics and the quality of its brand portfolio.
“The Consumer Products Division is held back by persistent difficulties in some countries,” he continued. “The L’Oréal Paris and Maybelline New York brands are, however, maintaining their good momentum. The performance of the Professional Products Division, which is continuing its transformation, is stable.”
Agon said L’Oréal’s major global brands “are delivering an excellent performance at a time when the offer in beauty products is particularly rich.”
Sales in New Markets began accelerating again, and L’Oréal

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Via:: https://wwd.com/beauty-industry-news/beauty-features/loreal-q3-sales-rise-6-1202895125/