Luxury cosmetic and fragrance markets in the UK, France and Germany have all shown signs of recovery thanks to growth in e-commerce, particularly in prestige perfumes and skin care, finds The NPD Group.
Luxury British retailer Harrods has opened its first 'H Beauty' specialist store in the UK – a move set to solidify its position and long-term vision on upgrading how consumers shop for cosmetics, says an expert.
The global luxury goods market will shrink dramatically in the face of the ongoing coronavirus (COVID-19) crisis, with significant downgrades expected in Switzerland, Germany, Italy and France, says Euromonitor International.
AlpVision says it has launched a new technology on the market aimed
at tackling the problem of counterfeited cosmetics and fragrances.
A particular challenge for luxury cosmetics makers, counterfeiting
is estimated to cost the industry...