News & Analysis on Cosmetics Innovation
According to the latest market research from Lucintel, rising consumer incomes and changing lifestyles are driving the global beauty care products industry, which is forecasted to reach around $265 billion by 2017.
L’Oréal CEO Jean-Paul Agon has stated that he does not expect any change in the next twelve months for the global cosmetics market after the French firm posted its third-quarter sales in which growth has slowed.
Limited Brands, the parent company of Victoria's Secret and Bath & Body Works, has announced it has donated $1 million to Hurricane Sandy relief.
Despite Fragrance Compounds posting a sales increase in the third quarter, it was to no avail as International Flavors & Fragrances’ revenue dropped.