Thursday 29 September 2011

STOCKS NEWS EUROPE-L'Oreal shares fall on Clarins comments

Shares in luxury cosmetics makers L'Oreal and LVMH fall 3 percent after rival Clarins tells Reuters in an interview it has seen a slowdown since June in Western Europe, a major market for the industry. This is "negative comment for L'Oreal which derives around 40 percent of sales in Europe," one ...


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