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.
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)