Editor
L’Oréal SA expects slower growth for the overall beauty market this year, according to its CEO, as weakness in China weighs on sales after years of rapid gains.
Nicolas Hieronimus told investors at a JPMorgan event in Paris that he now sees the global beauty market growing between 4.5 percent and 5 percent this year from a previous forecast of 5 percent earlier this year, a L’Oréal spokesperson told Bloomberg News.
Hieronimus blamed the…
