L’Oreal Eyes Strong Q3 Sales Boost From China, But Lingering Concerns Loom
October 18, 2023
L’Oreal’s skincare and cosmetics labels are expected to significantly bolster the company’s quarterly sales, particularly in China. While overall sales are anticipated to rise by 11.5% compared to the previous year, some investors are wary of potential shifts toward cheaper or locally produced alternatives in the Chinese market. Despite its steady performance, L’Oreal faces scrutiny amid concerns of a potential slowdown in China’s premium beauty sector.
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