L'Oreal Is Confident About Delivering Positive Second Half, CEO Says

L'Oreal Is Confident About Delivering Positive Second Half, CEO Says

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Business

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L'Oreal reported a surprising 1.6% increase in sales, defying analysts' expectations of a 2.4% decline. This growth was driven by strong demand for luxury skincare products in China. CEO Jean-Paul Agon discussed the impact of the pandemic on different regions, noting recovery in Europe and North America. E-commerce played a significant role, with a 61% increase in sales, highlighting its importance as an alternative shopping method.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In which regions did L'Oreal see positive growth despite concerns about the pandemic?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What role did e-commerce play in L'Oreal's sales growth during the last quarter?

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