French cosmetics trade body Febea has reported that 2015 was a record year for French exports of cosmetics, with the trade balance passing €9bn for the first time. Exports are increasingly a source of growth for French cosmetics companies, seeing a rise of 4.4% in 2015, to €11.6bn. The image of French products as synonymous with quality and know how allows France to remain the world leader in the cosmetics sector, said Febea. “These exceptional results bear witness that the quality of our products and innovation of our businesses are fully recognised by consumers,” Patrick O’Quin, President of Febea, told Cosmetics Business.
French beauty exports reach a new high point in 2015
Trade balance rose to €11.6bn for the first time in 2015, says Febea
You need to be a subscriber to read this article.
Click here to find out more.
Click here to find out more.
You may also like
You need to be a subscriber to read this article.
Click here to find out more.
Click here to find out more.
France holds onto crown as global cosmetics leader
Read moreCountry has a 23% share of the total world market
Trending Articles
-
You need to be a subscriber to read this article.
Click here to find out more. -
You need to be a subscriber to read this article.
Click here to find out more.
You may also like
You need to be a subscriber to read this article.
Click here to find out more.
Click here to find out more.
Finance
Unilever completes $44.8 billion deal to sell food business amid hard pivot towards beauty
The deal will combine Unilever’s food arm, which includes brands such as Hellmann’s mayonnaise and Marmite, with spice maker McCormick & Company’s portfolio, as the British conglomerate doubles down on its focus on beauty and wellness
Fragrance
L’Oréal finalises ‘significant’ €4 billion acquisition of Kering Beauté
The French beauty giant has completed its deal to acquire Kering’s beauty division after securing approval from competition authorities, which includes exclusive 50-year beauty and fragrance licences for Bottega Veneta and Balenciaga
You need to be a subscriber to read this article.
Click here to find out more.
Click here to find out more.
Finance
Analysis: Are we entering a new era of beauty megacorporations?
From L’Oréal acquiring Kering’s entire beauty division, to the potential merger between Estée Lauder Companies and Puig, are we entering a new era of beauty megacorporations? And is this concentration of beauty giants good or bad?
You need to be a subscriber to read this article.
Click here to find out more.
Click here to find out more.
Research & Development
Beiersdorf ramps up innovation with €100 million skin care venture capital fund
The German beauty giant behind Nivea and Eucerin is doubling down on innovation with fresh funding to back start-ups which are developing breakthroughs in areas such as longevity science, biotechnology and artificial intelligence (AI)