Beauty brands are being tipped to join the non-fungible token (NFT) bandwagon to forge closer bonds with their most loyal customers, something that is becoming increasingly difficult to do today, according to a Web 3 expert.
International beauty major L’Oréal has reported a significant rise in full-year 2021 sales and net profit globally, with Latin America and North Asia performing particularly well and business in its Luxe and Active Cosmetics divisions leading the surge.
On this episode of the Beauty Broadcast, we’re delving into the remarkable recovery of luxury beauty in Asia Pacific and the future prospects for this high-end category with experts from By Terry and LUXASIA.
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.
E-commerce platform Shopee is eyeing untapped opportunities in South East Asia’s luxury beauty market as the ongoing novel coronavirus (COVID-19) pandemic pushes more premium brands to carve out an online business.
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.