L’Oréal chief executive officer Nicolas Hieronimus shared some facts and figures.
You May Also Like
Hieronimus said: “L’Oréal is flying at cruising speed over a very uneven landscape, with heavily varying comparatives,” explaining that’s why using 2019 as a benchmark to monitor pace is important. “This is the ultimate proof of the success of our rebalancing or ‘de-risking’ strategy,” said Hieronimus. “Europe is number-one in growth contribution at plus 14.3 percent [like-for-like], and plus 8 percent versus 2019.”
“Travel retail is showing strong growth [of 30.1 percent] with the major rebound of air traffic at triple digits in Europe, where we benefit from our fragrance strength,” said Hieronimus, referring to a 425 percent flight spike.accelerated again in June, after a pause in April and May. Concurrently, for the first time L’Oréal lassoed more than 30 percent share of the luxury beauty market in China.
L’Oréal targets the upper-middle and upper-class consumers, who are generally less impacted by economic turmoil and continue to expand in number, especially in the emerging markets and China.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
An Omnichannel Strategy: How it's Shaping the Retail Beauty LandscapeAs more online beauty companies partner with retail stores for a more seamless shopping experience, they transform and rejuvenate the beauty industry and redefine what it means to shop.
Les mer »
Over 60 million years ago, penguins abandoned flight for swimming. Here’s how.A new genetic and fossil analysis of penguins reveals how they evolved.
Les mer »
Sephora, Complex Team Up on Beauty HubSephora and Complex Networks are partnering initially for six months to produce beauty-focused content that can be found on the latter’s channels.
Les mer »
How to Pull Off TikTok’s Siren Eyes Trend, According to the ProsTikTok’s latest beauty craze—siren eyes—is the secret to a sultry gaze.
Les mer »
Bobbi Brown adds hydrating lip product to award-winning beauty brand Jones RoadThis is going straight into our beauty bags
Les mer »