The market for luxury products is likely to be subdued in the remaining two quarters of 2010, despite cosmetics and fragrances being the driving force behind a recent rebound.
Security threats have already made the headlines this week, but now
it seems that general global political instability is affecting
consumer confidence relating to luxury cosmetic and fragrance
purchases.
Despite fears over the price of oil and the shaky state of the US
dollar on the international money market, luxury cosmetics and
fragrances are still proving to be a key driving force behind
significant growth in the luxury consumer...