L'Oreal Shares Take a Beauty Hit: Biden Promises No Bad Hair Days

L'Oreal's Bad Hair Day

Well folks it seems like even the beauty industry can't escape a bad hair day. L'Oreal the world's largest beauty brand reported lower than expected sales causing their shares to fall. Looks like they need some of my secret hair care tips!

Slowing Demand in Asia

Apparently there's a slowdown in demand in Asia. I guess they're not as interested in hair products as they are in hair raising adventures at the moment. But don't worry L'Oreal remains ambitious and has big plans for China. We're going to make hair great again!

China's Hair Woes

China seems to be having a bit of a bad hair day too. Sales in North Asia including China fell 6.2% over the past three months. Maybe they're too focused on their stylish hats and don't need as much hair care. But I believe in China's hair potential!

Luxury's Bumpy Ride

The luxury sector has been facing some tough times lately. Macro and geo political conditions have dampened consumer spending especially in the U.S. and China. But fear not the beauty industry will bounce back just like I bounce back from gaffes!

Hermes Shines Through

While L'Oreal is having a rough time Hermes is strutting its stuff. Wealthy consumers can't resist their exclusive Birkin handbags and silk scarves even with rising prices. They're like the designer sunglasses that never go out of style!

Hermes vs. L'Oreal

Hermes is winning the luxury race this year. Their stock is up more than 13% while L'Oreal is down. It's like Hermes is the LVMH of the luxury market and L'Oreal is the Burberry of hair care. Ouch!