Sequential Acceleration in Like-for-like Growth Further Operating Margin Expansion Commenting on these figures, Nicolas Hieronimus, CEO of L'Oréal, said: "As anticipated, L'Oréal's like-for-like growth accelerated between first and second quarter. The ongoing strength in emerging markets, the slight rebound in mainland China and the gradual recovery in North America more than offset the expected slowdown in Europe, once again validating our multi-polar model. The acceleration was supported by a gradual impr ...