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“A tale of two cities” – L’Oréal outlines North Asia travel retail challenges amid solid global performance
L’Oréal CFO Christophe Babule drew on a Dickensian allusion to describe the contrasting fortunes of North Asia and the rest of the world. While Dickens’ famous ‘It was the best of times, it was the worst of times’ opening line doesn’t quite apply, there is little doubt how sharply the region’s performance varied from its geographic counterparts.