L'Oréal's sales growth has slowed further, affected by weak demand in China. The company reported a 2.4% increase in revenue for the quarter, down from 3.8% growth in the same period last year. This decline is attributed to softer demand in China, which accounts for around 10% of L'Oréal's total sales.

Source: https://www.ft.com/content/3ae8eacc-d7e2-41ef-a01b-f7241580ccba