Prices for cosmetics in Russia may increase significantly this year, due to devaluation of the ruble and general economic instability caused by recent sanctions on the country, according to forecasts by the majority of Russian analysts of the country’s beauty and cosmetics market.
Russia on verge of significant price increase for cosmetics
Prices for cosmetics in Russia may increase significantly this year, due to devaluation of the ruble and general economic instability.
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Fragrance
L’Oréal finalises ‘significant’ €4 billion acquisition of Kering Beauté
The French beauty giant has completed its deal to acquire Kering’s beauty division after securing approval from competition authorities, which includes exclusive 50-year beauty and fragrance licences for Bottega Veneta and Balenciaga
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