French cosmetics company L’Oréal reported a rise in their sales in the Chinese market signalling that the cosmetics market is headed for a fast recovery post-pandemic. Chairman and CEO of the L’Oreal Group, Jean-Paul Agon stated that the company’s performance in China was remarkable’. “China was able to close the quarter at plus 6%, which is pretty amazing when you think about the difficulty that they had due to the pandemic,” he said.
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