Attendees at the global annual summit for the duty free and travel retail industry left the event in Cannes last week in a good mood – and none more so than the beauty houses that were present.
The optimism is being driven by an upturn in the channel – which suffered a contraction in 2015 – but is now on track for solid growth. Beauty is in the driving seat when it comes to future performance.
On the first day of the event – organised by Tax Free World Association (TFWA) – president, Erik Juul-Mortensen, presented new data from Generation Research which showed a marked revenue improvement.
Following a 2015 decline, last year sales grew by a steady 2.4% to
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