L’Oreal Sales Climb on Demand for Pricey Perfume, Make-Up
Luxe saw double-digit growth rates for its fragrance lines, which include names such as Libre by Yves Saint Laurent.
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L’Oreal SA reported resilient sales growth in the first quarter, led by demand for high-end make-up and perfumes.
Like-for-like sales rose 3.5%, L’Oreal said Thursday in a statement. Analysts had expected a 1.3% gain. The so-called Luxe division was the strongest among the four units, with sales rising 5.8%.