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Nicolas Hieronimus

Western brands are losing more ground to cheaper Chinese rivals

by Robyn Pickett
Western brands are losing more ground to cheaper Chinese rivals

By Bloomberg Published October 27, 2024 China’s growing consumer frugality has led to yet another quarter of sluggish earnings for some global brands, but turbocharged growth for their local rivals.  …

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Luxury fortunes lose $58 billion as pandemic era splurge ends

by Robyn Pickett
Luxury fortunes lose  billion as pandemic era splurge ends

By Bloomberg Published October 27, 2024 The wealth of France’s luxury and cosmetics titans swelled to unprecedented heights during the pandemic era, when consumers snapped up pricey handbags, gowns and …

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L’Oréal shares extend slide after Q3 sales miss

by Robyn Pickett
L’Oréal shares extend slide after Q3 sales miss

By Reuters Published October 23, 2024 L’Oréal’s shares on Wednesday extended a deep sell-off after the cosmetics giant reported quarterly sales below expectations, citing reduced beauty products demand in China …

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L’Oreal 2Q sales grow 5.3%, slower than forecast

by Robyn Pickett
L’Oreal 2Q sales grow 5.3%, slower than forecast

By Reuters Published Jul 30, 2024 French cosmetics giant L’Oreal reported a 5.3% rise in second-quarter sales, below expectations and likely further rattling investors already worried about the lack of …

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L’Oreal sales rise 9.4% as mass market makeup outshines luxury

by Robyn Pickett
L’Oreal sales rise 9.4% as mass market makeup outshines luxury

By Reuters API Published Apr 18, 2024 L’Oreal reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown …

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L’Oréal invests in Chinese fragrance brand To Summer

by Robyn Pickett
L’Oréal invests in Chinese fragrance brand To Summer

Translated by Cassidy STEPHENS Published Feb 12, 2024 L’Oréal continues to invest in the Chinese market. On the occasion of the presentation of its financial results for 2023, the global …

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China’s tepid rebound has left luxury shops relying on US demand

by Robyn Pickett
China’s tepid rebound has left luxury shops relying on US demand

By Bloomberg Published Feb 9, 2024 Just over a year after China ended its Covid-Zero policy, the expected bounceback in spending on high-end consumer goods has failed to live up …

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L’Oreal confident on China despite tensions over trade secrets

by Robyn Pickett
L’Oreal confident on China despite tensions over trade secrets

By Bloomberg Published Jan 10, 2024 L’Oreal SA remains confident on the potential of the Chinese market despite tensions over the level of ingredient disclosure the country is requesting from …

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L’Oréal maintains “limited activity” in Russia

by Robyn Pickett
L’Oréal maintains “limited activity” in Russia

By AFP Published Nov 27, 2023 French cosmetics giant L’Oréal is maintaining “limited activity” in Russia, its managing director Nicolas Hieronimus told France Inter on Saturday, while many foreign companies …

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