This year's Tax Free World Association (TFWA) event was a celebration of the cosmetics and fragrance categories, which outperformed all other product groups
Attendees at the global annual summit for the duty free and travel retail industry left the event in Cannes last week in a good mood – and none more so than the beauty houses that were present.
The optimism is being driven by an upturn in the channel – which suffered a contraction in 2015 – but is now on track for solid growth. Beauty is in the driving seat when it comes to future performance.
On the first day of the event – organised by Tax Free World Association (TFWA) – president, Erik Juul-Mortensen, presented new data from Generation Research which showed a marked revenue improvement.
Following a 2015 decline, last year sales grew by a steady 2.4% to . . .
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