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L'Oreal's Fragrances Business Expected To Post Strong Growth In 2016‒2023, Market Research Firm Says

September 28, 2016: 12:00 AM EST
L'Oreal's revenue from its fragrances business is forecast to expand at a CAGR of around 6 percent in 2016‒2023, according to market research firm Trefis. Reasons cited by Trefis for its forecast include L'Oreal's large share of the global fragrance market and the company's goal of reaching out to 1 billion new customers in the next decade. Also, L'Oreal has a wide presence across distribution channels and allocates around 3 percent or $1 billion of its sales to research and development.
"How Is L’Oreal’s Fragrance Segment Expected To Trend and Why? ", Trefis , September 28, 2016, © Insight Guru Inc.
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