With emerging markets slowing down, attention has turned to core businesses and untapped markets such as Indonesia, Saudi Arabia, and Turkey. Cosmetics Design caught up with Euromonitor to discuss new growth hot spots.
South Korean firm LG Household & Healthcare has been taking more international steps of late, particularly in cosmetics, what with considering to buy Elizabeth Arden and now making plans to further expand in EMEA.
Cosmetics giant L’Oréal has looked to bolster its presence in the Kingdom of Saudi Arabia by establishing a new subsidiary based on a joint venture with Al Naghi Group; a move which will create local jobs.
The Saudi Basic Industries Corporation (SABIC) has shipped its first consignment of ethanolamines and ethoxylates from its manufacturing plant in Jubail, making Saudi Arabia the first ever country in the Middle East to produce and market these advanced...