German maker of Schwarzkopf hair care products Henkel recently cut
its sales growth target by nearly half to 2 per cent, blaming a
sluggish market, both at home and in other European countries.
A number of perfume retailers in Germany, led by InterCos and
Parma-Aurel, have formed an alliance named Beauty Alliance
Deutschland that is expected to generate a total annual turnover of
around €650 million.