L'Oréal Looks To Counter Subdued Growth At Garnier Shampoo Unit
L'Oréal is still struggling to kickstart sales growth at its mass market unit that makes products like Garnier shampoo, and those challenges hit the company's shares on Friday even as its luxury brands posted strong revenues.
The company has been buoyed in recent quarters by demand for its luxury brands like Lancome or Kiehl's, particularly in China, while its active cosmetics division, which makes treatments for sensitive skins, has also done well.
But the French cosmetics group disappointed after reporting weaker-than-expected sales growth in its mass market division on Thursday.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!