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L’Oréal Full-Year Sales Rise 11%, As Luxury Division Surpasses Estée Lauder

The French conglomerate reported its third consecutive year of double-digit growth, but faced tough questions on a slowdown in China.
An interior shot of a L'Oréal store in Hong Kong.
A slew of new launches, such as Prada Paradoxe perfume, Nyx Fat Oil Lip Gloss and Garnier Good hair colour all created dynamism, but L’Oréal’s overall broad mix of buzzy brands across different price points has insulated the company from the headwinds that have knocked over its rivals. (Shutterstock)

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