Editor
Second-quarter sales at French cosmetics giant L’Oréal slightly beat expectations, as a rebound in China helped offset slower growth in the United States, where the rising cost of living is prompting shoppers to tighten their purse strings.
The Paris-based group, which owns labels ranging from Maybelline to Lancôme, said on Thursday that sales in April-June were €10.1 billion ($11.1 billion), up 13.7 percent on a like-for-like basis from…
