L'Oréal, the beauty group headquartered in Clichy, France, says its India business is speeding up. In its consumer products division, L'Oréal reported double-digit growth in India. The region that includes India, which L'Oréal calls South Asia Pacific, Middle East, North Africa and Sub-Saharan Africa, grew 19% like-for-like in the quarter....
L’Oréal Expands in India’s Booming Beauty Market
Founded in 1907 by chemist Eugène Schueller, L’Oréal is headquartered in Clichy, France. It is the world’s largest cosmetics company, with a portfolio that includes NYX, Urban Decay, Dr.G, and Ushuaïa. Indian Market Entry: L’Oréal announced plans to acquire a majority stake in Innovist, a Gurgaon-based beauty and personal care...