According to L’Oréal CEO Jean-Paul Agon; 'despite a global context that is still volatile’ the company remains confident in its third quarter results despite them revealing a slowdown for L’Oréal Luxe in Asia.
Cosmetics giant AmorePacific is looking to expand its business beyond Asia in new regions like the Middle East and Latin America with five of its popular brands - Sulwhasoo, Laneige, Mamonde, Innisfree and Etude House.
A dynamic population seeking tailored solutions is boosting the cosmetics market in Turkey and the Middle East and many global brands are making the most of the region’s growth, according to market researcher Euromonitor.
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.