L’Oreal Posts Brisk Sales Rise despite Disruptions in China

A model gets prepared backstage ahead of the L'Oreal Spring-Summer 2023 show as part of the Paris Womenswear Fashion Week, in Paris, on October 2, 2022. (AFP)

Cosmetics group L'Oreal posted robust sales growth over the third quarter, lifted by brisk demand in Europe and the United States, which helped offset disruptions in China due to COVID-19 restrictions.

Nicolas Hieronimus, chief executive officer of L'Oreal, said all markets progressed in the period, although lockdowns weighed heavily on the company's largest division, L'Oreal Luxe, in the key Chinese market.