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Coronavirus

Post-coronavirus: Bain outlines luxury consumption trends to come

Post-coronavirus: Bain outlines luxury consumption trends to come

Bain & Company identifies six emerging consumption trends as the luxury industry looks to make sense of the current coronavirus crisis. As of March 25, the consulting firm is forecasting a 25% to 35% contraction in the global luxury market[…]

04/02/2020
Cosmetic Valley highlights packaging supply tensions as industry converts to hand sanitizer production

Cosmetic Valley highlights packaging supply tensions as industry converts to hand sanitizer production

As cosmetics and fragrance players shift their activity towards the production of hand sanitizer to help in the fight against coronavirus, French business cluster Cosmetic Valley has highlighted difficulties in the supply of not just raw[…]

03/25/2020
Coronavirus: Ricard donates pure alcohol for hand sanitizer

Coronavirus: Ricard donates pure alcohol for hand sanitizer

In response to the coronavirus health crisis, spirits brand Ricard (Pernod Ricard) is donating 70,000 liters of pure alcohol to French pharmaceutical company Cooper, one of France’s main suppliers of hand sanitizer. The donation, the equivalent[…]

03/20/2020 |
Production in China picks up, but worries remain

Production in China picks up, but worries remain

“Zero new local cases of coronavirus” were announced by the Chinese Ministry of Health on Thursday, March 19—a first since the beginning of the official count in January and a major step in the battle that the country has been waging with[…]

03/19/2020
L’Oréal launches coronavirus solidarity plan

L’Oréal launches coronavirus solidarity plan

French beauty group L’Oréal has launched a European coronavirus solidarity plan aimed at supporting all those on the frontline tackling the health crisis. The group’s factories, which started producing hand sanitizer last week, will step up[…]

03/18/2020 |
LVMH’s perfume factories to make hand sanitizer

LVMH’s perfume factories to make hand sanitizer

LVMH’s Perfumes & Cosmetics division's production sites are to make hydroalcoholic gel as France faces the risk of a shortage due to the coronavirus crisis. LVMH said in a statement that from Monday March 16, all the production facilities of its[…]

03/16/2020 |
Italy’s makeup industry faces up to coronavirus

Italy’s makeup industry faces up to coronavirus

The northern part of Italy, which accounts for around 65% of the world's makeup production, is facing an unprecedented challenge in light of the coronavirus crisis. For most of the major international brands, as well as many indie players,[…]

03/12/2020 | Regional focus
Forecasting the impact of coronavirus on luxury

Forecasting the impact of coronavirus on luxury

Covering the economic impact of coronavirus is proving challenging. The situation is evolving rapidly and figures looking to forecast the eventual fall-out from the crisis are being published daily. According to press reports, a study by Italian[…]

03/11/2020
IWSR launches coronavirus risk assessment tool

IWSR launches coronavirus risk assessment tool

In a bid to help wine and spirits brands navigate the impact of the coronavirus on their business, market analyst IWSR is launching its Coronavirus Risk Assessment Model (CRAM), a tool designed to leverage data and local market knowledge to[…]

03/09/2020 |
Beauty groups count the cost of coronavirus

Beauty groups count the cost of coronavirus

The number of cases of Covid-19 outside mainland China continue to climb. Last week—for the first time—there were more cases confirmed outside of the country than since the crisis began, which has seen beauty groups reassess their forecasts. As[…]

03/06/2020 | MakeupFragrance