In North America, following the restructuring of distribution, sales began to accelerate once more, L’Oréal said. In Europe, L’Oréal gained significant market share and saw its sales return to pre-pandemic levels.įor the L’Oréal Luxe division - which became the company’s largest in 2021 - fragrance was particularly strong, and the company gained market share in North Asia and performed well in Europe. market and North Asia, especially China, coupled with the growth of luxury, were major sales drivers. In what chief executive officer Nicolas Hieronimus - in his first year as leader of the world’s largest beauty company - described as a “grand slam,” L’Oréal claims to have grown twice as fast as the overall beauty market, with gains in all zones, divisions and product categories. ![]() Latin America: €1.77 billion, +20.6% (+20.6% like-for-like).īiggest markets: The U.S., China and France.
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