L’Oréal CEO Nicolas Hieronimus said a new era is dawning for the beauty industry. “In a world of polycrisis, we have delivered our best and most balanced growth since 1999, outperforming the market in all divisions, geographic zones and categories.”
“In a world of polycrisis, we have delivered our best and most balanced growth since 1999, outperforming the [beauty] market in all divisions, geographic zones and categories,” said Hieronimus. “We have reached historical levels of profitability.”’s largest category last year, with sales growing 10.1 percent and accounting for 40 percent of the group’s overall turnover. Makeup, representing 20 percent of company sales, continued its rebound, increasing 9.
“We take the decision of Kering to enter beauty as a very strong sign that beauty is definitely a category to invest in,” said Hieronimus. “It’s not an easy category, but we have new players. Hieronimus called beauty “an essential human need,” and said that even in times of recession there is an ongoing consumer demand for beauty products.
He addressed some people’s concerns about the risk of downtrading, especially in developed markets as inflation weighs on consumers’ wallets. L’Oréal this year will continue working to improve its gross margin, according to Hieronimus, who said the company will benefit from its 2022 price increases, mostly instigated in the second half.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
‘Sympathy For The Devil’: First Look At Nicolas Cage & Joel Kinnaman In Psychological ThrillerEXCLUSIVE: Ahead of EFM, Capstone Global and Hammerstone Studios have shared a first-look image of Nicolas Cage and Joel Kinnaman in Sympathy for the Devil, the upcoming psychological thriller from…
Weiterlesen »
Nicolas Cage Cult Classic Gets Promising Sequel Update From WriterWriter G.O. Parsons has offered a promising update on a sequel to the Nicolas Cage cult hit, Willy's Wonderland, teasing development is 'trending positively'.
Weiterlesen »
Coinbase CEO happy to go to court over US stance on staking, 'if needed'“Coinbase's staking services are not securities. We will happily defend this in court if needed,” CEO Brian Armstrong posted to Twitter on Sunday.
Weiterlesen »
CEO sells Boulder home for $9.8 million, topping January salesA 9,000-square-foot modern farmhouse tops January’s list of priciest local home sales in the Denver metro, according to MLS data.
Weiterlesen »
ChatGPT haunts Google CEO, slammed for ‘botched’ debut of Bard AIEmployees at Google have expressed dissatisfaction with the search engine giant's Wednesday 'early launch' of the Bard artificial intelligence (AI) chatbot, a competitor to OpenAI's ChatGPT, the new sensation that has swept the tech industry.
Weiterlesen »
Coinbase will 'happily defend' staking in U.S. courts, says CEOCrypto exchange Coinbase's executives are claiming its crypto staking services cannot be classified as a security.
Weiterlesen »