Editor
French cosmetics giant L’Oréal reported a 5.3 percent rise in second-quarter sales, below expectations and likely further rattling investors already worried about the lack of rebound in the important Chinese market.
The Paris-based company, which owns the Maybelline and Lancome brands, said on Tuesday that sales in the quarter reached 10.88 billion euros ($11.75 billion), up 5.3 percent on a like-for-like basis from a year earlier, but…
