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Jan 092012 Gossip
 
L'Oréal
L’ORÉAL is very confident for 2012 after sales of Lancome Visionnaire anti-wrinkle cream and other luxury products helped it outperform the cosmetics market last year, Chief Executive Officer Jean-Paul Agon said. "We approach 2012 with a great deal of enthusiasm and optimism," even though the economic environment is uncertain, Agon said at a press event in Paris. L’ORÉAL, the world’s largest cosmetics maker, will look at all opportunities for expansion as it seeks to accelerate the internationalization of its business, Agon said. So-called new markets, which accounted for about 36 percent of sales last year, will become L’ORÉAL’s largest source of revenue by region this year, ahead of North America and Europe, Agon said. L’ORÉAL will open a 100-million euro ($128.7 million) hair research center in Saint-Ouen, France this year, as well as new plants in Indonesia and Mexico, the CEO said.
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