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L'Oreal plans to launch ​its first Gucci ‌beauty products as early as 2028, the ​company's Chief Executive ​Nicolas Hieronimus said on ⁠Thursday, adding ​he was "super ambitious" for ​the brand that is also showing signs of improvement ​in its ​core fashion and leather goods ‌lines.

The world's largest cosmetics company L'Oreal reported better-than-expected quarterly sales ​on Wednesday, boosted by strong demand for new hair ‌products and mascaras.

L'Oreal reported a 6.3% rise ​in second-quarter sales ‌on Wednesday, slightly higher than expected, driven by ​strong demand for ​its premium haircare as ⁠well as mass ​market brands.

The company said the move marked a major step in the company's expansion in India's fast-growing beauty market and complemented its portfolio.

L'Oréal maintains strong fundamentals and proven resilience, but I reiterate a hold rating due to an uncompelling valuation amid macro uncertainty. Recent earnings show double-digit emerging market growth and solid performance in North America and China, outpacing local market trends. LRLCF's robust balance sheet supports buybacks and dividends, yet combined shareholder yield remains below 2% despite a significant…