L’Oréal Sales Up Despite Muted Recovery in China

L’Oréal reported a brisk rise in third quarter sales on Thursday, lifted by growth in Europe and an acceleration in the United States, but missed expectations for a strong rebound in China.

The Paris-based group, which owns labels ranging from Maybelline to Lancome, said sales in North Asia were down 4.8 percent, missing expectations for a 14.4 percent rise. The company pointed to an impact on its travel retail business, mostly in Hainan…