MILAN — Cosmetica Italia, the Italian association of cosmetics companies, released its 2014 beauty report Tuesday, and while the domestic market continues to frustrate many, expansion abroad still is a major boon to business.
Assembled with Rome’s Ermeneia research center, the report showed a 2.6 percent year-on-year increase in Italy’s cosmetics production in 2013 — an encouraging result, considering the simultaneous 2.5 percent decrease in the country’s overall production of nondurable goods. Cosmetics exports also followed a positive trend, up 11 percent on-year in 2013 to 3.2 billion euros, or about $4.3 billion at current exchange, and the sector’s trade surplus shot up 24.5 percent during the same period.
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)