By  on May 8, 2009

L’Oréal nosed out Avon Products Inc. at the 15th annual Cosmetics Executive Women Beauty Awards ceremony held at the Waldorf-Astoria Hotel last Friday: L’Oréal took home five statuettes, while Avon netted four.

Marc Rey, chief executive officer and managing director of YSL Beauté, offered up some industry encouragement while accepting an award for the brand’s Rouge Volupté Lipstick. “It’s really good news for all of us when a beautiful, expensive product is selling very well.”

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