European stocks are falling but L’Oreal is rising. It seems the ladies, Scarlett Johansson and Penelope Cruz, the new brand ambassadresses have brought lotsa good luck with them. The Match Point Actress, nominee of Golden Globe will endorse High Intensity Pigment, the new line of makeup from the fashion house. Penepole Cruz will pose for natural Match, a new hair color line.
L’Oreal the largest cosmetic company of the world and maker of Lancome skin cream, Armani, Ralph Lauren fragrances and Maybelline Mascara experienced a 50% decline in net profit compared to last year.
Via [Businessweek]
