L’Oréal Group CEO shares dermatological skin-care innovation plan to recruit Gen-Z consumers

2 weeks ago 11

L’Oréal Group, the largest beauty conglomerate in the world based on revenue, reported 6% growth for the first nine months of 2024 during an investor call on Tuesday.

The beauty conglomerate behind prestige and mass brands like Lancôme and Maybelline shared growth and areas of concern while highlighting science-backed skin care’s continued popularity among global shoppers.

Whereas some areas of the business, like sales in China and the sun-care category, tumbled during L’Oréal Group’s Q3 ending September 30, hair care, fragrance and dermatological skin care were bright spots.

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