French cosmetics giant L'Oreal not experiencing any major shifts in spending in its biggest markets in U.S., Europe, CEO says

LOS ANGELES , October 7, 2011 () – French cosmetics manufacturer L’Oreal is not experiencing any major shifts in spending in its biggest markets in the U.S. and Europe, according to CEO Jean-Paul Agon, responding to a question about spending trends at a New York press conference, Reuters reported.

The CEO went on to say that the company is seeing a “continuation” of trends in the first half, Reuters reported.

The primary source of this article is Reuters, London, England, on Oct. 7, 2011.

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