L’Oréal shares tumble as beauty bloggers and selfies fall out of vogue
The cosmetics giant also says that a return to a more ‘natural look’ is affecting its makeup division
31 July 2019 - 14:52
Paris — L’Oréal shares tumbled as a drop in North American sales raised concerns that a makeup boom fueled by beauty bloggers and selfies has lost steam.
The stock fell as much as 4.9% in Paris trading, the most in three years. The sales decline in a crucial region came even as demand from China lifted the world’s biggest maker of beauty products to its highest first-half growth in more than 10 years...
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