L'Oreal “New Markets” Sales Surpass Western Europe In Q1

L’Oreal’s sales in Eastern Europe, Asia Pacific, Latin America and Africa/Middle East made up 39.4% of its total cosmetics sales for the first quarter, surpassing Western Europe at 36.8%. The firm’s luxury unit continues to enjoy strong momentum, booking €1.32 billion ($1.73 billion) in sales, up 12.2% from the prior-year period.