PARIS — French beauty giant L’Oréal reported its sales for first-quarter 2006 rose 11.3 percent to 3.94 billion euros, or $4.72 billion at average exchange rates.
On a like-for-like basis, they increased 6 percent in the period, ended March 31. The company said the net impact of changes in consolidation, primarily including the acquisitions of SkinCeuticals and Delial last summer, added 0.5 percent to the company’s sales, and that currency fluctuations impacted business positively by 4.8 percent.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"