Russian retail chains and specialised beauty retailers may suspend the purchase of cosmetics from some global cosmetics producers operating in the market due to potential price increases, which have already grown by 10-15% since December 2014.
P&G to hike prices in Russia
Prices will increase for both imported and domestically-produced products
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Packaging
Opinion: Louis Vuitton’s strategic leap into beauty and brand protection – from monogram to make-up
The brand’s debut make-up line La Beauté marks more than just another brand expansion – it is a strategic move that blends design heritage, intellectual property (IP) strength and luxury positioning, argues IP specialist at Reddie & Grose Georgina Tanner