While growth is decelerating in China for some western brands, the same cannot be said for the country’s homegrown beauty firms. China’s cosmetics market growth slowed to 17 percent in 2012, compared with 18.7 percent in 2011, according to data from the National Bureau of Statistics of China.
Although international companies still filled China’s top 10 in 2012, local players Shanghai Jahwa, Jala Group and Jiangsu Longliqi weren’t far behind— ranking 11, 12 and 13, respectively, according to Euromonitor International.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)