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China’s luxury market share almost doubles in 2020

China’s luxury market share almost doubles in 2020

The luxury-goods market in mainland China is forecast to grow 48% to almost $53.6bn in 2020 with leather goods and jewelry the most in-demand categories, according to a report from Bain & Company and Tmall. Boosted by an increase in domestic[…]

01/06/2021 |
France’s premium fragrance sales fare better than selective beauty overall

France’s premium fragrance sales fare better than selective beauty overall

The market may have seen sales of premium perfumes plummet between January and end October of 2020, but the category's online sales increased by 41% during the same period, says NPD data. While premium fragrance sales in France saw a[…]

12/16/2020
Covid-19: a catalyst for change for luxury, says Bain & Company

Covid-19: a catalyst for change for luxury, says Bain & Company

Heavily impacted by the covid-19 crisis, the luxury goods industry will have seen a double-digit sales decline in 2020 with profitability hard hit, highlights a report from Bain & Company published this month. However, the market is set to[…]

11/24/2020
Luxury takes off as China’s economy bounces back

Luxury takes off as China’s economy bounces back

China’s GDP grew 4.9% year-on-year in the third quarter as it continues to bounce back from the coronavirus pandemic, figures from the country’s National Bureau of Statistics show, yet recovery in retail consumption has been slower. The luxury[…]

10/20/2020 |
Glass half full for New World whiskies

Glass half full for New World whiskies

Shaking up the segment and attracting new consumers, New World whisky is set for a bright future, according to a white paper from Distill Ventures*. New World whisky is defined as whisky that is either not produced in Scotland, Ireland, Canada,[…]

10/15/2020 |
Fragrance leads UK prestige beauty recovery

Fragrance leads UK prestige beauty recovery

Fragrance is at the forefront of the prestige beauty market’s recovery in the UK, according to new data from The NPD Group. While fragrance sales dropped -67% during lockdown (12 weeks from March 22 –June 13, 2020) compared to the same period in[…]

09/25/2020
Asia-Pacific leads in retail’s post-covid digital transformation

Asia-Pacific leads in retail’s post-covid digital transformation

The Covid-19 health crisis has seen retailers accelerate their digital transformation as they mine new technologies in response to novel consumption patterns. Nowhere is this shift more evident than in Asia-Pacific, which is at the forefront of[…]

The makeup market in figures

The makeup market in figures

According to Mintel, which tracks all retail channels (physical and online, from mass to selective), the US makeup market was worth $11.13bn in 2019, an increase of 1.2% compared with 2017. Representing 45% of the market, the face segment[…]

07/20/2020
China make-up market to see +8% CAGR through 2024, says GlobalData

China make-up market to see +8% CAGR through 2024, says GlobalData

Chinese consumers are spelling big opportunities for luxury makeup brands as the market is forecast to reach $8.8bn in 2024, according to GlobalData. The research firm’s new report, China Make-Up – Market Assessment and Forecasts to 2024,[…]

China’s luxury & beauty sales rebound, says Luxurynsight report

China’s luxury & beauty sales rebound, says Luxurynsight report

With China’s gradual economic recovery and consumption getting back on track, luxury and beauty are witnessing a fast rebound at retail in the country, according to a just-published report from research firm Luxurynsight. However, with the[…]