How different is a retail strategy for an emerging market to one in a developed market for prestige cosmetics? Yet, we have seen that at the time when we have wanted to enter a market, like we did in Russia, Hungary, Prague, Vietnam and Budapest and now in India as well, almost all the emerging markets, the retail in terms of department stores are not upto the standards of service to sell a prestige cosmetics brand like Estee Lauder. In India, real estate can be a nightmare, in Mumbai for example, retail space is so rare and expensive that one wonders if you are in India or New York! Based on our market research, we expect skincare to be the largest category of sales in India, comprising 40% of our total business. Deutsche Bank on Thursday appointed Amrit Singh as the head of Merger & Acquisitions (M&A) India of its subsidiary Deutsche Equities India Pvt Ltd (DEIPL). read more
From the monthly archives:
June 2008
Topic: Cosmetics Beauty News - Garden Is a Seedbed for Green Cosmetics - New York Times
Hauschka products are made by WALA Heilmittel at its headquarters and have sales of nearly $150 million. Hauschka is shining because they've been doing this for a long time, and now everybody wants to do it," said Joe Smillie, the senior vice president of Quality Assurance International, a San Diego firm that certifies the organic content of food, fabric and other goods. WALA is one of dozens of German companies — from windmill manufacturers to organic beverage producers — that are benefiting from a growing global appetite for environmentally friendly products. The fact that WALA's green label comes with a dash of Hollywood glitter makes its German managers squeamish, given that they run the company almost as a collective, with all the profits either plowed back into operations or handed out to the 700 workers. WALA was founded in 1935 by Rudolf Hauschka, a Viennese chemist who sought to develop remedies using only natural ingredients. The company's name — an acronym that stands for Warmth and Ashes, Light and Ashes — suggests a crystals-and-karma sensibility more suited to Northern California than southern Germany. read more
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(Cosmetics Beauty News) Feminism and beauty crash into a brick wall - The Times
Upset by her waning looks and the sacrifice of what she calls her “babe identity”, Bergman looks to the repressive beauty standards propagated by glossy magazines and the cosmetics industry. In fact, the film includes snippets of a similar film co-produced by Bergman’s mother in what looks like the late 1960s or early 1970s, when women first railed against the mandatory shaving, plucking, waxing and make-upping that remain synonymous with womanhood. Bergman’s quest to reclaim the concept of beauty for normal women like herself takes her to LA, the capital of extreme makeovers. Begoun is an American author famous for her exposé of the cosmetics industry and her regular appearances on Oprah amid posters that scream “Be confident about your body” — as if it were as easy as flipping a switch and images of women photoshopped to perfection. But the most harrowing footage comes with Bergman’s encounter with Dr Matlock, an LA plastic surgeon who recommends Bergman get “the works”. read more
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