French beauty company L’Oréal increased sales in the third quarter despite a more muted than expected recovery in China and a fall in travel retail in Asia.
Sales at the group, which owns brands ranging from Garnier to Lancôme, grew 11.1 per cent on a like-for-like basis in the most recent quarter ending on September 30, reaching a total of €10bn, just below consensus estimates cited by Barclays.
Strong growth in Europe and the US — L’Oréal’s biggest markets — largely offset a fall in sales of 4.8 per cent in north Asia, which frustrated expectations for a 14 per cent jump.
您已閱讀13%（578字），剩餘87%（3762字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。