AGP Executive Report
Last update: 2 hours agoBeauty Spending: U.S. beauty sales reached $82.9 billion through September, with prestige up 5% and mass-market sales up 7% as shoppers balanced value with self-care and small luxuries. K-Beauty’s Global Reach: South Korea welcomed a record 20 million foreign visitors, with 53% of surveyed consumers saying Korean beauty products were popular at home; Unifree is also betting on demand with a dedicated K-beauty space at Istanbul Airport. Industry Restructuring: Coty plans to cut 155 of its 200 jobs in France as part of a major restructuring. Brand Growth: e.l.f. Beauty reported 51% sales growth in its second quarter, while its partnership with Rhode is helping fuel the brand’s push toward $1 billion in sales.
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