Swedish foreign ministry officials met with Iran's ambassador in Stockholm over the shutdown of cosmetics firm Oriflame's Tehran office and the arrest of five of its employees there, a spokeswoman said Wednesday.
The health & beauty market continues to show resilience in the economic downturn, with 2010 growth forecast at 5.0%. Consumers are less willing to trade down or cut back on items which are viewed as a necessity by many.
Health & beauty has been one of the more resilient retail sectors during the recession. However, we estimate that the EU health & beauty market declined by 0.7% in 2009 as the recession propelled the private label trend in personal care goods.
Cosmetics maker Estee Lauder Cos Inc posted lower than expected quarterly profit, hurt by rising advertising and other expenses, while cost-cutting moves helped rival Elizabeth Arden Inc beat analysts' expectations.
Approaching two-thirds (61%) of consumers across 17 countries attach importance to looking their best in day-to-day life. Many see applying make-up as a pivotal part of their beauty regime, especially when only 43% of consumers are satisfied with their attractiveness.