While luxury giants falter, L’Oréal shines ever brighter. Having surpassed LVMH as France’s No. 1 company by market capitalization, the cosmetics giant is ramping up acquisitions and propelling fashion brands into the beauty sector. It’s an industrial and marketing powerhouse, driven by stable management - a rarity in the luxury industry - and the support of its biggest shareholder, the Bettencourt-Meyers family.
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