PARIS — L’Oréal registered a 17.6 percent rise in 2012 net income and said it is “well-prepared” to outpace the beauty market’s growth this year.
The firm’s net profits reached 2.87 billion euros, or $3.69 billion, in the 12 months ended Dec. 31, it said Monday after the Paris Bourse closed. L’Oréal’s operating income was up 12.3 percent to 3.7 billion euros, or $4.75 billion.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)