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L'Occitane 'bullish' on China in tough global retail market

French skincare brand reports 59.4% decline in first-half net profit

A L'Occitane store in Hong Kong's busy Causeway Bay shopping district. The city is the company's fourth-largest market in terms of sales. (Photo by Dean Napolitano)

HONG KONG -- L'Occitane International, the French cosmetics and personal-care products company, said it was optimistic on its outlook for mainland China, despite what it called a "challenging" global retail environment.

"We're still very bullish on China," Andre Hoffmann, vice chairman and managing director, said at a press conference in Hong Kong on Monday.

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