jean paul: i would be proud to have been able to adapt l'oreal to the new world. that we are living in a special period. the world tomorrow will be different from the world we knew a few years ago, and my absolute to adapt,ight now is transform, the company to make it as successful as a leader in the new world as it was before, and i am very confident about it because that is what we are doing. you know we are doing a cultural revolution, a digital revolution, a sustainability revolution, so l'oreal will be a fantastic company. and then, someone else will take the baton and will drive the adventure further. francine: jean paul agon, thank you so much. jean paul: thank you very much. ♪ cannot live without it. so if you can't live without it... why aren't you using this guy? it makes your wifi awesomely fast. no... still nope. now we're talking! it gets you wifi here, here, and here. it even lets you take a time out. no! no! yes! yes, indeed. amazing speed, coverage and control. all with an xfi gateway. find your awesome, and change the way you wifi. julie: julie hy

francine: l'oreal's reach stretches across 140 countries.wo thirds of sales are generated outside europe. much attention has shifted to demand fore strong lipstick and perfume is driving growth. in 2015, china surpassed france to become the groups second-biggest market behind the united states. some of the success is attributed to selfies, camera-conscious millennials buying makeup to look good. have you adapted to the chinese market? jean paul: not for all brands. the luxury brands are the same all over the world, but brands like l'oreal, maybelline, the products made in china formulated by chinese. francine: because of regulations? jean paul: not only. we want to create a product absolutely right for them, especially skincare, because there needs, skin aspirations, are different, specific. we formulate in chinese labs and manufacture in chinese factories, and l'oreal paris is the number one beauty brand in china. francine: one of the most popular products is a homemade range of cosmetics favored by the wife of president xi jinping. jean pa

. >>> coming up, with brexit talks entering a decisive phase, the l'oreal ceo spells out his hopes for the negotiations >> the best thing that could happen is cancellation of brexit, but i think this is maybe too much to hope for for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. somesend you and your family overwhelrunning. y can... introducing febreze one for fabric and air. no aerosols. no dyes. no heavy perfumes. it cleans away odors for a pure light freshness... so you can spray and stay. febreze one, breathe happy. >>> another day, another bitcoin headline the price of the cryptocurrency pulled back from record highs after highly volatile trading. this as exchange also have struggled to keep up with the wild demand. this ahead of the first bitcoin future market this weekend which could fuel more investor interest bitcoin sup

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manus: the ceo of l'oreal speaking with francine lacqua.he full interview tonight in new york at 9:30 p.m.. you can catch up in the u k and europe tomorrow night. luxury goods and organic sales reach the highest since 2013. that's based on the set on the end of 2017. asia's recovery played a big part in the improvement. strength raises the overseas spending potential of chinese shoppers, the biggest luxury goods buyers globally. experts.in our deborah, good to see you. season is upon us. luxury is everywhere we look. what do you make of his comments? he is talking about the chinese. it's incredibly important to all of their successes. >> i think across luxury goods generally and high-end beauty and cosmetic makers, we are hearing from q3 and heading into q4, expecting the same kind of thought process. double-digit growth across china for so many of the high-end brands. the traveling chinese is also incredibly important as well. their potential to come to london, paris, and there is that debate about currencies and what happens at 2018. how

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ceoa: that was the l'oreal with francine lacqua.fidence in high-end luxury brands is mounting as the year comes to an end according to analysts and bloomberg intelligence. the reach of e-commerce has launched new products and rebounding key asian markets are stimulating demand. joining us with more is deborah aitken, our senior analyst for luxury goods. i want to start with this chart, it shows heritage gaining favor over passage -- fashion, we mean younger fashion, why? and the because of asia demand from asia and the countries in which they domicile. shery: when it comes to where these consumers are shopping, it seems to be that the u.k. proves to be a good place to go. this chart showing you that when you put the chinese yuan, chinese tourists shop a lot overseas, they pound has fallen, the euro line in blue, against the euro it has risen and become more expensive to shop the euro than in the u.k.. well this trend be sustained? deborah: i believe so. ae companies are expecting difficult time in europe the first half of 2018 and w

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l'oreal's lash paradise. creating a buzz.wavy bristle brush for a feathery-soft lash experience. voluptuous volume. intense length. take your lashes to paradise. new lash paradise mascara. from l'oreal paris. >>> some implosions go as planned and amaze us with their raw power. others fizzled. the silver dome was supposed to crash down this morning. despite the flashes and bangs, it is still standing. apparently the blasts did break the stadium's steel beams, so construction officials say that it will eventually collapse at some point. you can imagine the jokes that broke out on twitter. one person writing, quote, even the walls are afraid to cross the goal line. ha-ha. >>> next, on a week when donald trump is casting doubt on so the-called access hollywood tape, billy bush is firing back with a message, yes, donald trump, you say that -- you said that. we break down the scathing op-ed next. for adults with advanced non-small cell lung cancer, previously treated with platinum-based chemotherapy, including those with an abnorma

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that was the ceo of l'oreal speaking to bloomberg's francine lacqua.ers with lacqua." you can catch it in the u.k. and europe at 7:30 tomorrow night london time. carol, you have the single best chart. ,arol: i do with tony crescenzi pimco portfolio manager. if you take a look at the vix, on track for the lowest ever, how important is the vix to you? tony: central banks have been suppressing volatility and china , which francine is looking at, those are the two powerful forces. the china factor will continue this press volatility in 2018. , a littleccommodation less of it, so it might pick up a little bit, volatility, next year. don't dismiss the possibility that central banks will do what they can to suppress it when they need to. carol: tony, thank you so much. tony: thanks for having me. carol: tony crescenzi will keep joining us on "bloomberg surveillance" radio. i will be there with pimm fox. you are watching "bloomberg surveillance." this is bloomberg. ♪ bloomberg. ♪ ♪ david: commodities charge into the new year. copper hits a three-year high as p

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you tied up with the big boys in the industry like unilever, johnson & johnson, l'oreal.ortant to tap the outside talent and what have you learned from them? shinta: we are one of the first companies to bring those players into indonesia. who are we at that time, right? we need that partnership. we know the locality. we know how to do business in indonesia, but we need that product and technology. we believe the partnership is very synergetic. i think each party is a win-win, so each party bring something to make the cooperation successful. haslinda: what is interesting is you see great future in green energy, renewable energy, and that has been quite a focus for the company. shinta: green energy has been part of our big picture as a sustainable excellence company look at the resources we have. we have the biggest terminal in indonesia. there are so many opportunities for renewables, and yet we have not even achieved a small part of it, so the target of the government to reach 23% in 2025 is a very ambitious target, but it is something that we definitely have to start mov

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