Lancome Marks 80th Year; Expands Presence In Global Luxury Beauty Market

Lancome, which celebrates its 80th anniversary in 2015, has an estimated annual global sales of almost €2.3 billion, or $3.4 billion, making it one of the largest luxury beauty brands. L'Oreal's third-largest brand, according to estimates, Lancome earns 54 percent of its revenue from skincare, 28 percent from makeup, and 18 percent from fragrances. Its latest line of fragrances, La vie est Belle, is driving growth in the brand's fragrance business. At present, the United States is the company's biggest market; however, Asia, driven by China's rapid growth, is forecast to overtake it in the next two years.