L’Oreal shares sink as sales miss forecasts

L’Oreal shares fell heavily on the Paris stock market on Friday after the cosmetics giant posted sales that fell short of analyst expectations, stoking fears of weakness for its luxury brands and in the key Chinese market. While revenues rose seven percent in the fourth quarter in Europe — still the company’s biggest market — […] The post L’Oreal shares sink as sales miss forecasts appeared first on Digital Journal.