PARIS — L’Oréal said Thursday that first-quarter sales gained 5.1 percent, driven partially by business from its consumer products, luxe and active cosmetics divisions. The French beauty giant also confirmed guidance for 2013.
Company revenues in the three months ended March 31 were 5.93 billion euros, or $7.83 billion at average exchange for the period. On a like-for-like basis, they grew 5.5 percent and, excluding currency fluctuations, revenues advanced 6.5 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?"