By Helena Smolak L'Oreal shares slumped early trading Friday after the company posted sales and profits below analysts' forecasts for 2023 amid a stagnating...
By Mauro Orru L'Oreal posted sales and profits below analysts' forecasts for 2023, a year marked by geopolitical tensions, inflation and a stagnating beauty...
By Mauro Orru L'Oreal posted sales and profits below analysts' forecasts for 2023, a year marked by geopolitical tensions, inflation and a stagnating beauty...
By Ed Frankl L'Oreal said Thursday that sales in the third quarter climbed on year, as its growing cosmetics and consumer-products businesses shrugged off...
Corrections & Amplifications This headline was corrected at 12:07 p.m. ET because the original version incorrectly said the first half gross profit was...
Order Reprints Illustrations by Helen Green
Welcome to the Roaring ’20s. When the world finally bids good riddance to Covid-19, courtesy of a bevy of novel vaccines, expect Americans to emerge from their lairs with a joie de vivre not seen since the 1920s. That’s marvelous news for the economy, which could use some cheer after a punishing year, and for the many companies that will help keep the good times rolling.
Just don’t expect the party on Main Street to spread to Wall Street, which had a rollicking celebration of its own this past year. As a consequence, stock...
Order Reprints Print Article
Covid-19 has accelerated a move by clients to digital platforms, which will be a strength for WPP and its stock. Benjamin Fathers/AFP/Getty Images Text size
The world’s largest advertising agency,
WPP, is seen as a bellwether for the economic health of different sectors because marketing budgets tend to be axed first in tough times—and dusted off first when things pick up.
The company, which counts Ford Motor and L’Oréal as clients, duly crashed about 22% over the past year during the pandemic as clients looked to cut costs. Meanwhile, it has been trying to bounce back after the departure of