Luxury personal care market looks uncertain, despite big recent gains
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.
News & Analysis on Cosmetics Innovation
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.
A bill that proposes to significantly tighten up the FDA regulation of cosmetics and personal care products was introduced into the House of Representatives this week.
Brazilian cosmetics company Natura has reported a 24.1 percent increase in net sales for the second quarter of 2010, aided by an increase in the number of new product launches.
Beauty company Coty is to take over the fragrance license of Italian fashion brand Roberto Cavalli from July 2011.
Cosmetics trade association the Personal Care Products Council has criticized a short video launched by the Campaign for Safe Cosmetics, saying it generates unwarranted public fear.