Word: oreal
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Dates: during 2000-2009
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...marketing strategies are as successful as those that appeal to a woman's vanity. As India has opened its economy over the past decade, companies like L'Oreal and Revlon have inked impressive profits by importing Western-developed antiwrinkle creams and shampoos previously available only on the black market. Now, predictably perhaps, traditional Indian beauty treatments based on the ancient principles of Ayurveda are winning converts in the West. Though these practices have been around for 5,000 years, they're new here, and that's enough to inspire women once content to describe their skin as dry or oily...
...come. On the other side of the world, in the offices of the German newspaper Abendblatt in Hamburg, system administrators watched in horror as the virus gobbled up 2,000 digital photographs in their picture archive. In Belgium ATMS were disabled, leaving citizens cashless. In Paris cosmetics maker L'Oreal shut down its e-mail servers, as did businesses throughout the Continent. As much as 70% of the computers in Germany, the Netherlands and Sweden were laid low. The companies affected made up a Who's Who of industry and finance, including Ford, Siemens, Silicon Graphics and Fidelity Investments. Even...
...Lauren, Donna Karan and Calvin Klein are finding it increasingly difficult to compete against these global luxury superpowers. Tommy Hilfiger's stock has also lost luster (see box). So has Kiehl's, a 149-year-old posh beauty brand that was acquired last week by French global giant L'Oreal. In February, Klein, noting the sums Arnault has been paying and the increasingly treacherous fashion market, also put his company up for sale. Potential suitors--LVMH and Gucci among them--have shied away from Klein's privately held company because its licensing agreements would deny a buyer dominant control...