L’Oreal: we’re seeing ‘encouraging signs’ that China will return to growth this year
The CEO of L’Oreal’s North Asia unit, Vincent Boinay, has forecast a return to growth for China’s cosmetics market. The company is expecting to see growth of 5 percent yoy in China for FY2025. The post L’Oreal: we’re seeing ‘encouraging signs’ that China will return to growth this year appeared first on Global Cosmetics News.
THE WHAT? The CEO of L’Oreal’s North Asia unit, Vincent Boinay, has forecast a return to growth for China’s cosmetics market. The company is expecting to see growth of 5 percent yoy in China for FY2025.
THE DETAILS According to a report published by Reuters, the French beauty giant has witnessed ‘encouraging signs’ that indicate a return to growth for the country; the forecast is also in line with China’s predicted GDP growth for the year.
THE WHY? Boinay said at a conference in Shanghai, per Reuters, “We are seeing encouraging signs in these early days of 2025. The numbers are getting better and the target of 5 percent is not only the target for Chinese growth this year but also the target of L’Oreal in China.”
The post L’Oreal: we’re seeing ‘encouraging signs’ that China will return to growth this year appeared first on Global Cosmetics News.
