By  on August 31, 2011

PARIS — L’Oréal expects emerging markets to become significantly more profitable this year, but is not giving up on prospects for its more mature markets, despite renewed financial turmoil that is seen dampening consumer confidence in Western Europe, L’Oréal chief executive officer Jean-Paul Agon said Wednesday.

Agon said the French beauty giant, which published first-half results late Tuesday, was confident in its prospects in the medium and long term as the company marches toward its target of recruiting an additional one billion customers in the next 10 to 15 years.

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