L'Oreal is a French multinational company manufacturing and selling cosmetics, haircare and perfume. Retail Week provides news, analysis, features and opinion about L'Oreal and the health and beauty sector.
L’Oréal’s group sales rose for the third consecutive year to a record €41.2bn (£35.8bn) for the year ending 31 December 2023 (FY2023). Group revenues climbed 7.6% in reported currency with like-for-like sales surging 11.0%. The group also delivered volume growth of 4% year-on-year.
L’Oréal posted sales growth in the nine months to September 2024, which was “well-balanced between value and volume” driven sales despite multiple turbulences in the third quarter.
Global cosmetics giant L’Oréal has kicked off the first quarter with high-single-digit growth in sales as it “continued outperformance in a global beauty market that remained dynamic”.
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L’Oréal is led by Nicolas Hieronimus was appointed as the CEO 2021.
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