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.
France remains Europe’s most important prestige fragrance market and its top 10 best-selling list reveals a love of classic, designer French scents, with Dior and Chanel holding six spots, according to Suburbia.
Spanish customers are highly loyal in luxury beauty, particularly fragrances, but there’s scope to develop business further through aspirational, value-driven branding and wider distribution, says Kantar Worldpanel.