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L'Oreal CEO Revises Downward Growth Forecast For 2014 Cosmetics Market

September 8, 2014: 12:00 AM EST
L’Oreal CEO Jean-Paul Agon lowered his full-year 2014 growth forecast for the world cosmetics market from 3.5–4.0 percent to 3.0–3.5 percent. Interviewed by French newspaper Le Figaro, Agon said, however, that the market will recover, with growth rate improving in 2015.
James Regan, "L'Oreal CEO cuts 2014 cosmetics market forecast -Le Figaro", Reuters, September 08, 2014, © Thomson Reuters
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