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Payday treat

7 February 2019 By Dasha Afanasieva

Buoyant demand from Chinese shoppers boosted the cosmetics giant’s sales and margins in 2018. The Lancôme owner’s growing 2.8 billion euro net cash pile may seem an unnecessary indulgence. But it will come in handy if Nestlé gives in to pressure to reduce its 23 pct stake.

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