News & Analysis on Cosmetics Innovation
Cosmetics giant L'Oreal is feeling the effects of the economic slowdown and tough trading conditions in South Korea and Taiwan, with turnover from luxury goods in South Korea down 2-3 percent this year after achieving 8 per cent growth last year.
This 2012 edition of Cosmoprof Asia event in Hong Kong closed its doors having recorded double-digit growth in visitor numbers this year.
At the recent in-cosmetics Asia event, Mintel senior analyst Vivienne Rudd gave a presentation that highlighted the latest technological innovations being used to entice consumers in the retail aisles.
The time is now to raise the bar for sustainability in the Asian cosmetics industry in every aspect, say several industry experts who discussed the topic at this year’s Sustainable Cosmetics Summit in Hong Kong.