L’OREAL 1996 SALES INCREASE 13%
CLICHY, France — L’oreal SA and its French and foreign subsidiaries’ 1996 sales came in at $10.93 billion (60.34 billion French francs) at current exchange rates, 13 percent above 1995 figures.
Estimated profits are in line with trends disclosed in October.
Cosmetics sales rose 13.2 percent and sales for the subsidiary Synthelabo gained 12.4 percent.
The company noted that as of Jan. 1, 1996, the German company Jade and the Israeli company Interbeauty were consolidated into the L’oreal Group. On Feb. 12, 1996, the American company Maybelline was integrated.