PARIS — Currency fluctuations hit L’Oréal hard in the first quarter, as did dampened demand in North America.
The French beauty giant registered its weakest quarterly sales gain in five years but vowed that it would return to the growth track in the second quarter. L’Oréal’s revenues in the three months ended March 31 dropped 2.2 percent to 5.64 billion euros, or $7.73 billion at average exchange. On a constant-exchange-rate basis, the company’s sales advanced 2.8 percent, while in like-for-like terms they were up 3.5 percent.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
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