PARIS (AP) — Cosmetics giant L’Oreal SA says that for the first time it made more money in emerging markets last year than western Europe or North America — and that helped push sales and profits up.
The owner of brands including Lancome, Maybelline and Garnier hair products said Monday that it made €2.87 billion ($3.84 billion) in net profit in 2012, up 17 percent from €2.44 billion in 2011.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.