The demand for luxury beauty products in Asia is growing rapidly, driven by an increasing focus on personal grooming and wellness. Brands such as Estée Lauder, L’Oréal, and Shiseido have reported strong sales growth in the region, with China being the largest.
Kering has recruited seasoned Estee Lauder executive Raffaella Cornaggia to head the push into the new segment. "We are building this new area of expertise within our Group to ensure that our brands can fulfill their potential.”
