COMPANIES L’Oréal quarterly sales fell for the first time at the end of last year, underscoring the severity of the downturn in the US and Europe and the size of the challenge facing the world’s biggest cosmetics company in its centenary year.
In the worse-than-expected results released after the market close, L’Oréal’s sales fell by 0.6 per cent in the three months to the end of December, like-for-like, compared with the same period in 2007.
