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L’Oréal CEO Says CeraVe Line Doing Well, Will Expand To Europe In 2018

July 28, 2017: 12:00 AM EST
In a conference call with analysts in June discussing six-month sales and profit performance, L’Oréal CEO Jean-Paul Agon [left] commented on the progress of its newly-acquired CeraVe skincare product line. According to Agon, CeraVe is “already contributing with double-digit growth” in the U.S. market. And the company’s globalization strategy includes a plan to expand CeraVe to Europe beginning in mid-2018, “because we need some time to adapt the formulations for Europe, but it would be deployed next year.” CeraVe was acquired from Canada’s Valeant in March 2017 and is now part of the fast-growing Active Cosmetics division. [Image Credit: © L’Oréal ]
"L'Oreal's (LRLCF) CEO Jean-Paul Agon on First Half 2017 Results - Earnings Call Transcript", Seeking Alpha, July 28, 2017, © Seeking Alpha
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