L’Oreal upbeat on China despite market’s softer rebound
PARIS, July 27 (Reuters) – Second-quarter sales at French cosmetics giant L’Oreal slightly beat expectations, as a rebound in China helped offset slower growth in the United States where the rising cost of living is prompting shoppers to tighten their purse strings. The Paris-based group, which owns labels ranging from Maybelline to Lancome said on…