By  on September 2, 2008

PARIS — Despite a tough economic environment, L’Oréal executives maintain their guidance of 6 percent annual sales growth in like-for-like terms for 2008.

“Cosmetics markets are resisting well, and we have good reason to believe they will continue to resist,” said Jean-Paul Agon, L’Oréal’s chief executive officer, during a meeting held Friday for financial analysts in the company’s headquarters in Clichy, a Paris suburb. “I think 2008 will remain a remarkable year for our gain in market share. As far as growth is concerned, we are absolutely determined to go back to a 6 percent growth rate.

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