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L’Oreal reported a 3.5 percent rise in like-for-like first-quarter sales on Thursday, beating expectations for slower growth, as strong demand for its face creams and perfume in Europe helped counter challenging conditions in the United States.
The French cosmetics group, which owns Maybelline makeup and Kiehl’s skincare, reported sales of €11.7 billion ($13.3 billion) for the three months to the end of March.
Growth exceeded a Visible Alpha consensus of 1.3 percent cited by analysts at…
