Luxury
L’Oréal sales slip in Q2 as North Asia and travel retail lag
L’Oréal, the French beauty giant known for brands such as Lancôme, Maybelline and CeraVe, reported weaker-than-expected sales in the second quarter, as a slowdown in North Asia, travel retail, and its core European market weighed on results. Quarterly revenue fell by 1.3% year-over-year to €10.73 billion ($11.7 billion), the company…
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