LRLCY Stock Recent News

The world's largest beauty group L'Oreal said Friday that it plans to become less dependent on the Chinese consumer for growth, instead targeting burgeoning opportunities in the U.S. market. "We see the U.S. as the land of opportunity," said CEO Nicolas Hieronimus during an earnings presentation following the release of the company's fourth-quarter results Thursday.

Cosmetics giant L'Oreal is upbeat on the United States for the year ahead, it said on Friday, even as its shares were dragged down by its slowest quarterly sales since the height of the pandemic, following weak Chinese demand.

French cosmetics giant L'Oreal has struck a partnership deal with Jacquemus that includes L'Oreal taking a minority stake in the independent fashion label, L'Oreal said on Friday.

French cosmetics giant L'Oreal on Thursday reported lower-than-expected fourth-quarter sales amid continued weakness in the Chinese beauty market and a slowdown in demand in the U.S. The world's largest beauty brand posted sales of 11.08 billion euros ($11.49 billion) in the three months to December, up 2.5% on a like-for-like basis and just shy of the 11.1 billion euros estimated.

L'Oréal will raise €3 billion by selling 29.6 million Sanofi shares back to Sanofi to cut its stake in the drugmaker.  The French cosmetics giant, which also owns Garnier and Lancome, sold the shares back to Sanofi for €101.5 apiece as part of an effort to "optimize" its balance sheet after a recent acquisition spree.

AGREEMENT BETWEEN L'ORÉAL AND SANOFI FOR THE REPURCHASE BY SANOFI OF 2.3% OF ITS OWN SHARES HELD BY L'ORÉAL

Dublin, Dec. 30, 2024 (GLOBE NEWSWIRE) -- The "L'Oreal Groupe in Beauty and Personal Care (World)" company profile has been added to ResearchAndMarkets.com's offering. L'Oreal Groupe experienced another year of growth in 2023, further solidifying its position as the leading beauty and personal care company in terms of value. For another year, the company has increased its share of the global market; now representing 11.5% of total value. The company has restated its focus on growth through innovation and quality, maintaining a broad product portfolio to support share. The L'Oreal Groupe in Beauty and Personal Care (World) Company Profile offers detailed strategic analysis of the company's business, examining its performance in Beauty and Personal Care industry. The report examines company shares by region and sector, product developments, market and distribution strategies, challenges from the competition and future prospects. Use it to understand opportunities and threats facing the b

L'Oréal's strong market presence, diverse brand portfolio, and consistent 12%+ long-term returns make it a resilient investment, even amid economic cycles like the China slowdown. The company's commitment to innovation, evidenced by increasing R&D expenses and 610 patents in 2023, ensures continued growth and market relevance. L'Oréal's robust sales organization, stable profit margins, and outstanding employee relations highlight its operational excellence and competitive edge in the beauty industry.

French cosmetics giant L'Oreal said on Monday it had signed a deal with Swiss retailer Migros to buy the latter's South Korean skincare business Gowoonsesang Cosmetics, which includes the skin care brand Dr.G.

With its shares down sharply in recent months, cosmetics giant L'Oréal is looking at a fairly poor year on the shareholder returns front. Notwithstanding recent weakness in China, this remains an exceptional business worthy of a premium valuation. The stock now trades for around 28x EPS. I don't expect long-term multiple contraction from here, leaving investors clear to capture returns in line with EPS growth and the dividend.