PARIS — L’Oréal expects to achieve another year of sales and profit growth in 2012.
The French beauty giant reported Thursday that it posted first-quarter revenues of 5.64 billion euros, or $7.39 billion, up 9.4 percent versus the same prior-year period. At constant exchange rates, sales gained 7.1 percent, and on a like-for-like basis, they increased 6.4 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?"