International beauty major L’Oréal has reported an overall loss in net profit for the full year of 2020, despite a spike in sales for the fourth quarter, most notably in active cosmetics and across China.
Personal care giant Colgate-Palmolive has reported a net sales rise for the fourth quarter and full year of 2020 – growth it says can be continued with the right strategies, particularly around premium innovation.
The beauty and personal care world has faced significant upheaval on a global scale during the ongoing novel coronavirus (COVID-19) pandemic, but it has also emerged as resilient and innovative despite consumer and retail trends morphing at great speed....
Digitalisation, personalisation, wellness and sustainability have been popularised by independent beauty brands and with big beauty now onboard these trends will remain critical as 2020 evolves, says GlobalData.
10-MINUTE WATCH:TRENDS 2020 BY COSMETICSDESIGN EDITORS
Next-generation vegan, clean & ethical and derma beauty products will take the spotlight next year, amid a consumer green uprising, focus on ingredient circularity and rapid growth in China's fine fragrance market. CosmeticDesign's global...
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