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Source: L'Oreal
L’Oreal posts 6.6% sales growth in North Asia in 2022
Its sales amounted to €11.32b (US$12.07b).
L’Oreal reported its sales in North Asia grew by 6.6% like-for-like to €11.32b (US$12.07b) in 2022.
In the fourth quarter, sales climbed by 4.9% to €3.29b (US$3.5b).
“L’Oréal’s unique brand portfolio and its digital excellence were once again key drivers to outperform throughout the Zone, in all markets and all channels,” the company reported.
Read more: L’Oréal invests in micro-printing startup
In Mainland China, particularly, the beauty market was affected by COVID-related restrictions driving a double-digit increase in online sales.
L’Oréal recorded double-digit growth in Japan and Korea, where it outperformed the beauty market, which bounced back strongly in 2022.
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