By and  on February 15, 2008

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.

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