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Agenda-setting intelligence, analysis and advice for the global fashion community.

Beauty’s $40 Billion Luxury Opportunity

Wealthy shoppers looking for exclusive beauty products and bespoke experiences have been underserved. But that may change soon, according to The State of Fashion: Beauty.
Rows of perfume bottles on store shelves.
Brands entering the luxury space may find more untapped opportunities than ever. (Shutterstock)
By
  • Kristi Weaver, Sara Hudson, Amaury Saint Olive and Alex Workman (McKinsey & Company)

The world’s wealthiest people spend more than $350 billion on luxury goods every year, allocating thousands of dollars to rare liquors or hand-crafted haute couture garments. But when it comes to

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Further Reading

What Will Define Beauty’s Next Era of Growth?

From skin care and fragrance to colour cosmetics and hair care, the outlook for the global beauty industry is rosy in the years ahead, even amid hyper-competition, channel mix challenges, and rapid innovation and production cycles. The State of Fashion: Beauty explores what lies ahead.

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