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Global Prestige Beauty Shows Varied Results in First Half

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By: TOM BRANNA

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Consumers in some parts of the world are still cautious when it comes to cosmetics. According to The NPD Group, the global prestige beauty market experienced mixed results in the first half of 2013. The US prestige beauty industry posted an 8% gain, generating $5 billion in the first six months of the year, and the UK gained 6%, generating £803 million in sales ($1.2 billion at current exchange rates). However, France, Italy and Spain continued to face challenges in this industry. “Our expectat...

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