By  on February 7, 2019

PARIS — L’Oréal’s fourth-quarter and full-year sales beat analysts’ expectations, and helped allay worries that a slowdown of China’s economy is dampening the appetite for luxury beauty products.

L’Oréal’s sales in the three months ended Dec. 31 gained 8.6 percent to 7.07 billion euros. On a like-for-like basis, group sales advanced 7.7 percent, the maker of Lancôme, Garnier and Maybelline products said Thursday evening, after the close of the Paris Bourse.

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