L’Oreal CEO expects “slightly negative” H2 growth in China
By Reuters Published Jul 31, 2024 The Chinese beauty market will stay “slightly negative” in the second half, L’Oreal CEO Nicolas Hieronimus said on Wednesday, after the French company reported slower than expected growth in the second quarter. Eric Mercier/L’Oréal L’Oreal reported a 5.3% rise in like-for-like sales on Tuesday, slightly below consensus, with a [...]read moreL’Oreal CEO expects “slightly negative” H2 growth in China