PARIS — In the face of economic uncertainties in North America, French beauty giant L'Oréal is banking on fast-growing emerging markets to maintain its healthy glow in 2008 and beyond.
"Globally, we're taking part in a rapid and profound transformation of the worldwide cosmetics market with a rebalancing between the different continents and between developed and emerging countries," said Jean-Paul Agon, company chief executive officer, during a presentation Thursday of L'Oréal's 2007 business for financial analysts and journalists that took place in company headquarters in the Paris suburb of Clichy.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)