I didn't find information about how the stock market effect my company (the giant cosmetics l'Oreal).
I just found out that the sales growth this year will probably surpasses the 5.8 pct increase seen in 2006, predicting a range of 6-8 pct growth.
Rising demand from emerging markets (emerging economies) will fuel much of this growth, said the CEO Jean Paul Agon at a press conference a week ago.
"Globalisation and the expansion [of emerging markets] is going to keep the l'Oreal group busy for the next 20 years," he said, adding that 70 mln people across the globe reach an income level that allows purchasing of cosmetic products.
I also found out that 60 pct of the growth for the global cosmetics market is coming from developing countries, mainly Brazil, India and China.
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This amount of activity won't get you much credit toward your blog average at the end of the semester.
-prof. evans
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