BOP News - Blog on Perfume News

L’Oreal SA, the world’s largest cosmetic maker, said that their first-half profit rose 6.8 percent, the slowest growth in three years, as European and U.S shoppers reduced their spending on skin care products, perfumes and other cosmetics.

The Paris-based firm said that their net income in the six months through June climbed to 1.26 billion Euros from 1.18 billion Euros a year earlier. The maker of Maybelline makeup and Lancome perfume last month reported the slowest quarterly growth rate in three years and reduced their sales target. Profit of the company, as a percentage of sales, widened by 0.4 percentage points to 17.3 percent during this period.

In a bid to compensate for a weaker dollar and slowing demand in both Western Europe and the U.S, L’Oreal has expanded in the emerging markets, from Russia to China.

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L’Oreal, the popular perfume manufacturer, has lost a case against Dubai Based firm Scion International, who markets the Scion’s Creation Lamis range.

The case was brought to court after L’Oreal claimed that Scion’s perfumes smell like L’Oreal’s products Tresor, Miracle and Noa, and retail for less than £5.

In ruling however, the judges said “It is not suggested that anyone ever thinks a ‘replica’ product of the kind with which we are concerned is the original.”

“Nor is it suggested that anyone thinks a replica is anything other than a cheap imitation of the original or is likely to be of the same quality as the original, even though it may smell somewhat the same.”

L’Oreal is now expected to take it’s case to the European Courts, after infringement of it’s trademarks when Scion market their products.

Source: Yahoo!