Italy sees C&T sales drop 4.8%

Published: 6-Apr-2009

A decline of about 4.8% in Italian cosmetics and perfumes sales in 2009 has been forecast by the luxury goods sector association Altagamma.


A decline of about 4.8% in Italian cosmetics and perfumes sales in 2009 has been forecast by the luxury goods sector association Altagamma.

The downturn in other areas of the luxury products sector is expected to be even more marked and there are indications from a number of reports from consultancies that the cosmetics and perfumes area of the market is expected to resist the economic crisis better than others. Claudia d'Arpizio of the Bain consultancy argues that economic problems will accentuate the trend already underway towards the mixing of luxury goods with "cheap and chic" items.

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