By  on May 18, 2010

SHANGHAI — L’Oréal executives in Asia said the French beauty giant is expecting to post another year of double-digit sales growth in China this year.

The company plans to reach sales in China of at least 1 billion euros this year, or $1.23 billion at current exchange, which would represent an increase of 16.1 percent on 2009’s figure of 861.6 million euros, or $1.2 billion at average exchange, executives said Monday at a press briefing here.

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