PARIS — Currency fluctuations took a bite out of L’Oréal’s sales for the nine months, but the French beauty giant still managed a 4.5 percent increase in revenues for the period to $10.65 billion.
Currency fluctuations negatively impacted sales by 3.7 percent during the nine months ended Sept. 30, the company said, versus a 2.5 percent negative effect during the first six months of the period. On a like-for-like basis, sales for the nine months were up 8.6 percent.
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?"