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LONDON — L'Oreal shares fell more than 7.3% in early deals Friday, before slightly paring losses, as the company reported lower-than-expected sales and pointed to a slowdown in demand in Asia.
MAC lipstick maker Estee Lauder forecast 2025 profit and sales below estimates as the global beauty market struggles with slowing demand, and said long-time CEO Fabrizio Freda was retiring, sending its shares down 10% in premarket trading.
PARIS, France — French beauty and cosmetics giant L'Oreal is working on a form of synthetically produced skin that it says will one day be able to "feel" like we do.
Vismay Sharma, president of L'Oreal's South Asia Pacific, Middle East and North Africa market — dubbed SAPMENA — has worked at the same company for more than 30 years and still enjoys his work.
Over the last 12 months, just 11 stocks made up half of the gains that powered the pan-European Stoxx 600 stock index to a record-high close on Friday.