Monday 30 August 2010

L'Oreal Sky High Results - 30/08/10

For leading cosmetic company L’Oreal, share results are looking largely positive as first half operating profit have beaten the estimations of analysts. Stock “climbed 2.92 euros, or 3.9 percent, to close at 78.69 euros, after earlier surging as much as 10 percent”, with a 21 percent to 1.67 billion euros ($2.12 billion) rise in profit.

The great results stem from L’Oreal focusing on higher gross margin luxury beauty and fragrance items, such as the Giorgio Armani, Ralph Lauren and Viktor and Rolf products.

Image credit: giorgioarmanibeauty.com

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Posted by MO at 6:00 am
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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au