L’Oréal Posts Brisk Sales Rise Despite Disruptions in China

Cosmetics group L’Oréal posted robust sales growth over the third quarter, lifted by brisk demand in Europe and the United States, which helped offset disruptions in China due to COVID-19 restrictions.

Nicolas Hieronimus, chief executive officer of L’Oréal, said all markets progressed in the period, although lockdowns weighed heavily on the company’s largest division, L’Oréal Luxe, in the key Chinese market.

L’Oréal, the group…