Cosmetica Italia Assesses COVID-19 Impact on Italian Beauty Industry

6 Apr

MILAN — “Numbers are usually not comforting us but luckily our performance was barely higher than we expected. That is the moment to react, even when it would take us longer than we thought to return to [pre-pandemic] performances,” said Renato Ancorotti, president of the Italian association of beauty corporations Cosmetica Italia during a webinar on Wednesday. In the course of the event, the organization released preliminary data on the industry’s performance in 2020. Last 12 months, total sales of Italian cosmetics corporations were down 12.8 percent to 10.47 billion euros in comparison with 2019. Exports — a key driver for the national beauty industry — decreased 16.5 percent to 4.1 billion euros. Italian supply corporations were those most affected by the contraction...

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30 Jan

China Insight: Is China’s Fashion Industry Recovering Since COVID-19

by Beauty Tips

Fashion, Featured

Nobody desires to miss the opportunities from China’s reopening. At the tip of 2022, most COVID-19 restrictions were lifted, sparking a latest phase of recovery because the Chinese economy, including the style industry, hopes to bottom out. Yet each consumer psychology and market demand have modified dramatically. When will business be back to normal and can Spring Festival travel now underway generate strong spending? Can the style market bounce back? “Recovery” was a word repeatedly mentioned over the past three years. Nevertheless, the total recovery — from consumption to the provision chain — may very well take three more years. What stage is the style consumer market represented by luxury goods in before the actual recovery comes? Is the footwear supply...

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26 Dec

Gayle King Broadcasts She Tested Positive For COVID-19 –

by Beauty Tips

What's The Tea, Featured

(Photo by Michele Crowe/CBS via Getty Images) Broadcast journalist Gayle King has tested positive for COVID-19. On Monday, the CBS Good Morning co-host announced the diagnosis in an Instagram video. “OK, the thing I’ve been dreading has finally happened,” she shared within the clip. “I just tested positive for… I got the ‘Rona.” View this post on Instagram A post shared by Gayle King (@gayleking) “They ran a test, one other test, we’re going to take another simply to be certain. But within the meantime, I’ve been asked to go away the constructing and go home,” the 67-year-old talk show host explained. While sharing the news,...

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