L'Oreal Sales Rebound Helped By China And Booming Online Business

By Maev Martin
L'Oreal Sales Rebound Helped By China And Booming Online Business

L'Oreal, the world's biggest cosmetics group, posted on Thursday higher-than-expected revenue growth for the fourth quarter, helped by a strong performance in China and by booming online sales during the coronavirus crisis.

The French owner of Maybelline said sales reached €7.88 billion ($9.56 billion) in the October to December period, flat from a year earlier on a reported basis but up 4.8% when stripping out currency effects and acquisitions.

News by Reuters edited by Donna Ahern, Checkout. Click subscribe to sign up for the Checkout print edition.

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