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L'Oreal Creates Group Travel Retail Unit

November 21, 2013: 12:00 AM EST
Cosmetics company L’Oreal announced the creation of its Group Travel Retail Division, which will include the L’Oreal Luxe brands and brands from its other divisions Active Cosmetics, Professional Products, Consumer Products, and The Body Shop. Travel retail, the market segment that covers all products sold in travel distribution channels, including airports, airlines, and cruises, has been growing significantly, driven by the growing popularity and availability of travel. Since starting its travel retail business in the 1960s, L’Oreal Luxe has become the world leader in the segment, which has grown 9.4 percent to $55.8 billion in 2012 from 2011. Over the next 10 years, the market is forecast to grow over $100 billion.
"L'Oréal creates a Group Travel Retail Division", L'Oréal , November 21, 2013, © L'Oréal
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