L’Oréal achieved sales growth in all divisions and geographic areas as it posted first-quarter revenues of 4.72 billion euros, or $6.54 billion, up 8 percent from the same period a year ago.
On a like-for-like basis, stripping out the effects of currency fluctuation and structural changes, revenues increased 7.4 percent. Dollar figures are converted at average exchange for the three months ended March 31.
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?"