PARIS — L’Oréal said Wednesday that third-quarter sales declined 0.8 percent to 5.48 billion euros, or $7.26 billion, after being hit by negative currency effects and a slowdown in North America — where there was significant de-stocking.
Currency fluctuations negatively impacted revenues by 6 percent. On a like-for-like basis, sales grew 4.1 percent in the period ended Sept. 30.
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?"