Editor
Cosmetics group L’Oréal bucked a declining trend for the luxury and fashion industry in China with sales growing in the second quarter despite Covid lockdowns, as the make-up market rebounds.
The group said on Thursday overall sales for the three months to June came in at €9.31 billion ($9.46 billion), an increase of 13.4 percent on a like-for-like basis. The figure beat analyst expectations for an 8.9 percent rise in revenues,…
