It's bad news when our lips are fuller than our pockets
Published 23/10/2011 | 05:00
Things are looking rosy on the cosmetics market, but that's not a good thing according to the 'Lipstick Effect,' which proves that when make-up sales are up, the economy is down.
L'Oreal saw 10 per cent sales increases globally last year, while back home Polish mega-brand Inglot opened four more stores and Irish brand Fuschia recorded up to 30 per cent sales increases.
Market researchers Euromonitor say the industry is worth €305m in Ireland this year compared to €250m in 2007. These positive stats seem to be at odds with predictions that our economy has been turning a corner for the better lately.
By 2015 the industry will be worth €390m, so let's brace ourselves for the long haul. Either that or lay off the lippy.
Sunday Indo Business