×
169
Fashion Jobs
PEP TECHNOLOGIES PRIVATE LIMITED
Area Sales Executive / Area Sales Manager (Only From Skin Care)
Permanent · Bengaluru
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
WHITEHAT JR
Sales Manager India
Permanent · Faridabad
VIJAYA ENGINEERING WORKS
Production Manager
Permanent · Hosur
REFLECTOSAFE
Area Sales Manager - Delhi
Permanent · National Capital Region
R AND R SALONS PRIVATE LIMITED
Requirement of Area Manager
Permanent · Bengaluru
REFLECTOSAFE
Area Sales Manager - Chennai
Permanent · Chennai
AQUAGENICS RESEARCH & DEVELOPMENT INDIA PVT. LTD.
Area Sales Manager
Permanent · Pune
MUTHOOT FINCORP
Area Manager
Permanent · Tiruchirappalli
INFINIX
National Sales Manager
Permanent · MUMBAI
1MG
Sales Manager - Diagnostics
Permanent · National Capital Region
DODLA DAIRY LIMITED
Area Sales Manager -Salem
Permanent · Salem
HALONIX TECHNOLOGIES PVT LTD
Area Sales Manager - Fans & Lighting / Retail Sales
Permanent · Ludhiana
BASIC ENTERPRISES PVT LTD
Area Sales Manager
Permanent · Mumbai
CROSS COUNTRY INFOTECH
Production Manager
Permanent · Jodhpur
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
RELIABLE CLOTHING PVT. LTD
Production Manager - Garment Manufacturing Export House
Permanent · Mumbai
HUMAN TOUCH
Sales Manager - Mumbai
Permanent · Mumbai
KAZO FASHION PRIVATE LIMITED
Garment Technician
Permanent · Noida
UMANO HEALTHCARE PRIVATE LIMITED
Regional Sales Manager / Area Sales Manager- (Pharma Sales) mp
Permanent · Bhopal
OLIVE GREEN CONSULTING LLP
Urgently Looking For Production Manager - Gurgaon
Permanent · Gurugram
MONEYWISE FINANCIAL SERVICES
Area Sales Manager || Nbfc (Lap / bl) - Delhi
Permanent · National Capital Region
By
Reuters API
Published
Apr 16, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L'Oreal banks on cosmetics bounceback, citing Chinese pick-up

By
Reuters API
Published
Apr 16, 2020

Maybelline make-up manufacturer L'Oreal said on Thursday it was counting on a quick recovery in cosmetics demand once global lockdowns to combat the coronavirus pandemic ease, pointing to a recovery already under way in China.


Photo: Maybelline



The French group posted a 5% fall in comparable first quarter revenue, broadly in line with its latest guidance, after lockdowns in China and elsewhere to fight the outbreak hit demand and sparked store closures.

The shutdowns were replicated in Europe and the United States at the end of March, forcing airport retailers, hairdressing salons and beauty store chains to shutter, and are likely to cause a greater dent to cosmetics firm's earnings in the second quarter.

But L'Oreal, the world's biggest cosmetics company, said China, its largest source of revenue, was "already seeing an encouraging recovery in beauty product consumption", now that restrictions had eased there.

"As the example of China has shown, the current situation does not call into question consumers' strong appetite for beauty products, which remains intact," Chief Executive Jean-Paul Agon said in a statement. "The market should recover quickly as soon as measures to close sales outlets are lifted."

The French firm, also home to brands such as Lancome, said sales in the January to March period reached 7.2 billion euros ($7.8 billion), down 4.3% on a reported basis from a quarter earlier.

That marked a 4.8% drop on a like-for-like basis, which strips out the effects of acquisitions and currency swings.

The company said online sales had surged just over 50% in the first quarter and now accounted for nearly 20% of its revenue.

Beauty product makers have been trying to make up for lost sales by selling more online, banking on rising e-commerce demand from consumers confined to their homes across Europe and the United States as government try and combat the deadly virus.
 

© Thomson Reuters 2022 All rights reserved.