L’Oréal Paris sets sights on €10 billion revenue target

L’Oréal Paris is pursuing an ambitious goal of reaching €10 billion in revenue under its new global brand president. Laetitia Toupet outlined the strategy during the Cannes Film Festival, where the brand maintains a prominent presence.

Laetitia Toupet, who joined L’Oréal Paris in July 2025 after leading La Roche-Posay to the €1 billion milestone, expressed confidence in the plan. “We’re aiming for €10 billion,” she said. “We’re confident. We are the number one global brand. We’ll get there with a very clear strategy, a strong brand mission, and very powerful innovations.” The brand recorded revenues above €7 billion in 2023 and achieved mid-single-digit growth in 2025 after expanding 9 percent the prior year.

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Executives from Puig and Estée Lauder shaking hands amid $40B merger talks, with stock charts showing price swings and luxury beauty products on display.
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Puig and Estée Lauder in talks for potential $40 billion merger

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Puig and The Estée Lauder Companies disclosed after Monday's market close that they are discussing a possible business combination, with no agreement reached. Puig notified Spain's CNMV on March 23, 2026. The deal could create a $40 billion beauty group with $20 billion in combined sales, prompting Estée Lauder shares to drop 7.7% while Puig's rose 11%.

L’Oréal Group posted a 7.6% like-for-like revenue increase to €12.2 billion in the first quarter of fiscal 2026, exceeding analyst expectations. The results marked an acceleration from the previous quarter. CEO Nicolas Hieronimus credited innovation and e-commerce strength for global market share gains.

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Puig, the Spanish beauty conglomerate, announced a 4.7% like-for-like revenue increase to €1.2 billion in the first quarter of 2026. The company outperformed the premium beauty market amid challenges in key regions. CEO Jose Manuel Albesa highlighted strong growth in makeup and skincare.

Adidas announced on April 29 that its first-quarter revenues for fiscal 2026 rose 14% year-on-year to €6.6 billion. The results coincided with the company's success at the London Marathon, where its athletes secured top spots and a women's world record. CEO Bjørn Gulden emphasized the brand's strong product demand and innovation efforts.

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Bernard Arnault, chair and CEO of LVMH, spoke at the company's annual general meeting in Paris on Thursday, highlighting the Middle East crisis's drag on sales, strong reception for Dior's new designs, and his succession plans. Amid a 25% drop in share price this year, Arnault expressed confidence in the luxury group's future and revealed his family's stake exceeds 50%. He dismissed rumors of selling the La Samaritaine department store.

Prada Group's organic sales rose 3% year-on-year to €1.43 billion in the first quarter ended March 31, 2026, excluding Versace. Including the newly acquired Versace, group revenues increased 14% on a constant currency basis. CEO Andrea Guerra described the quarter as challenging amid tough comparisons and global headwinds.

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Laura Weir, CEO of the British Fashion Council, has unveiled her 2030 strategy focused on access, creativity, and growth for the UK fashion industry. The plan emphasizes clearer communication of the BFC's purpose and embraces London's role as a talent incubator. Weir outlined new initiatives and reviews of programs like London Fashion Week in an interview.

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