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L’Oréal Q1 Sales up 9.4% on Strong Mass Market Demand

L’Oréal reported a 9.4 percent rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets; the United States and China.
L’Oréal
L’Oréal's sales rose, thanks to mass market beauty and dermatological skincare. (Getty Images)

The French cosmetics giant, which owns the Maybelline and Lancôme brands, reported sales of 11.24 billion euros ($11.98 billion) for the first three months to the end of March.

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