North America

The American market is continuing to grow, but is facing a slowdown in some historical distribution channels. Performance in makeup is being further increased by the brands NYX Professional Makeup and L’Oréal Paris, but haircare is proving less dynamic. The L’Oréal Luxe Division has slowed, against a background of inventory reductions. Yves Saint Laurent and IT Cosmetics however have continued to record double-digit growth. In the fourth quarter, the Professional Products Division saw sales increase, thanks particularly to its partner brands. The Active Cosmetics Division performed well last year, bolstered by the recent acquisition of CeraVe and by the emblematic SkinCeuticals and La Roche-Posay brands.