L’Oréal saw its Group sales rise 1.8% for the first quarter 2016 to €6.55 billion, thanks to gains made in Western Europe and North America offsetting difficulties encountered in some emrging markets due to the strengthening euro.
The beauty behemoth has appointed Hervé Navellou from within to head up L’Oréal France as General Manager and strengthen its governance in its home market by creating a new management structure.
The weak euro provided a ‘very positive currency impact’ for L’Oréal’s first quarter sales after the market slowed in Europe, with acceleration expected later in the year.
