L'Occitane on track to reach store expansion target

L'Occitane International, a French cosmetics maker and retailer, is on track to reach its store expansion target this year despite slower global economic growth, as it reports a better-than-expected first-half profit growth.

The company posted a 16.3 per cent year-on-year rise in net profit to €33.7 million (HK$338.1 million) for the six months to September. Sales grew 21.9 per cent to €449.2 million.

via Business feed http://www.scmp.com/business/companies/article/1092540/loccitane-track-reach-store-expansion-target