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<p><img src="http://whatsnewinmarketing.blogspirit.com/media/02/01/2257976817.png" id="media-929681" alt="" /></p><p style="text-align: justify;"><strong>L’Oréal growth remains strong in China despite economic slowdown</strong></p><p style="text-align: justify;">By Simon Pitman+, 02-Aug-2016, cosmeticsdesign-asia</p><p style="text-align: justify;"> <strong>Despite the economic slowdown in China, L’Oréal’s performance in the country continues to go from strength to strength as the product innovation pipeline is maintained.</strong></p><p style="text-align: justify;">The article shares the information that for the first six months of the year the like-for-like growth was 4.6 to €2.8bn, while on a reported basis it rose 0.6%.</p><p style="text-align: justify;"><strong>L’Oréal Luxe maintains momentum in China</strong></p><p style="text-align: justify;"><strong>Especially the performance of the luxury brands Yves Saint Laurent and Giorgio Armani contributed to the strong sales of the company’s luxe division</strong>. In the Asia Pacific region it has been driven by the launch of Ultra Doux in China and India, while in Southern Asia the reason lies behind the roll-out of the Garnier brand.</p><p style="text-align: justify;">On an international basis, the company stressed tha<strong>t the currency negatively impacted the results by 3.9% for the first six month of the year.</strong> According to the group, the like-for-like revenues for the first half of the year accounted for 4.2% to €12.89bn, which represented a reported growth of 0.6%, taking into consideration the negative impact of currency exchange.</p><p style="text-align: justify;"><strong>Interestingly, all divisions and geographies reported growth despite the impact from currency translation, while the Luxe and Active Cosmetics divisions were the most outstanding ones</strong> despite the challenging situation.</p><p style="text-align: justify;"><em>“L’Oréal Luxe, in a market that remains solid, is continuing to deliver sustained growth by capitalizing on its unique brand portfolio and by maintaining its innovation drive”,</em> explains L’Oréal CEO Jean-Paul Agon, who points equally out that the strength of the group lies definitely within its balanced business model.</p><p><a title="L'Oréal growth remains strong in China" href="http://bit.ly/2aLLd97">[READ THE ENTIRE ARTICLE]</a></p>