SHANGHAI — The previously booming beauty market in China has become a victim of the country’s slowing economy.
“We are witnessing a slowdown in the cosmetics market in China, and part of that is indeed attributable to the overall slowing economy,” Kevin Der Arslanian, a business analyst at China Market Research Group in Shanghai, told WWD.
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)