China

“Over the last few years, with the introduction of a number of new policies on various fronts, L’Oréal has been able to grow together with the China market, share in the massive dividends generated by the reform and opening up of the China market, and achieve substantive and healthy development in the process. China has become the second-largest consumer market, second-largest makeup market, and largest trading nation in the world. L’Oréal has also become the largest player in China’s makeup market. In turn, the China market is also the group’s second-largest market in the world. Last year, L’Oréal China achieved its biggest-ever two-digit growth figure in the last 14 years: 33%. The China market has continued to turn in a strong performance in the first half of 2019, and has helped to make the Asia Pacific region the L’Oréal group’s largest regional market.”

Fabrice - CEO of L'Oreal China