L'Oreal says it's still worth it after suffering ugly share price blip

Despite the market's initial negative reaction to L'Oreal's latest results last week, the world's largest cosmetics company is still worth it, insists its chief executive.

1st September, 2012

Despite the market's initial negative reaction to L'Oreal's latest results last week, the company's chief executive, Jean-Paul Agon, insists the world's largest cosmetics company is still worth it.

Narrowly missing its expected operating margin, the makers of Garnier hair products and Maybelline make-up saw its share price fall by more than five per cent from €101 to €96.58 in a single day - the worst drop in almost two years.

Up until Tuesday's results, L'Oreal...

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