Consumer
L’Oréal Soars as Sales Rise on Haircare and Fragrance Demand
A range of La Roche-Posay skin care products, manufactured by L'Oreal SA, at the company's headquarters in Paris.
Photographer: Laura Stevens/BloombergL’Oréal SA shares surged after sales at the world’s largest beauty group climbed as customers snapped up its Kérastase shampoos and La Roche-Posay skin creams, suggesting a rebound is taking hold.
Shares jumped as much as 9.8% in Paris, the biggest intraday rise in almost 16 years, after the cosmetics giant reported strong growth in Europe and North America and a revival of demand in China, especially for its the high-end products.