L’Oréal Benefits From 'Skin-Care Comeback,' With Mass Makeup Slowing

The French beauty giant has reported back-to-back quarters of sluggish mass-market makeup growth, particularly in the US, but strong performances from luxury and skin-care products drove sales up 4%, reported, during the first half of fiscal 2017. L'Oreal is eager to reinvest proceeds from its sale of The Body Shop to increase profitability in the back half of the year, company leadership says.