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Beauty Segment Helps Drive Growth In Mexico's Luxury Goods Market

September 23, 2015: 12:00 AM EST
Sales of beauty products in Mexico grew between 3.4 percent and 3.8 percent in the first half of 2015, according to L’Oreal Mexico chief executive Javier San Juan. Mexico’s beauty market remains one of the most attractive in Latin America, and combined with the country’s large and open economy, has been enticing the world’s leading cosmetics companies. Mexico’s luxury goods market, which includes beauty products as one of its top 5 categories, grew 11 percent to $14 billion, outpacing Brazil in 2014.
Amy Stillman, "Mexico’s beauty market lures world’s biggest brands", The Financial Times, September 23, 2015, © The Financial Times Limited
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