Cosmetics Industry Thrives with New Factory Openings in France Amid Market Slowdown - PRESS AI WORLD
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Cosmetics Industry Thrives with New Factory Openings in France Amid Market Slowdown

share-iconPublished: Sunday, January 05 share-iconUpdated: Sunday, January 05 comment-icon3 months ago
News sources:
LEMONDE
Cosmetics Industry Thrives with New Factory Openings in France Amid Market Slowdown

Credited from: LEMONDE

  • Resilience of the cosmetics sector: Unlike many industries facing layoffs, the cosmetics field is expanding in France.
  • New production sites: Factories are being established in multiple locations including Troyes, Chartres, and Vendôme.
  • Global market impact: The cosmetics market is valued at €265 billion, driving growth and demand for French-made products.
  • Export achievements: Exports of French beauty products have doubled in the last decade, despite challenges posed by the Covid-19 pandemic.
  • Future developments: The French Federation of Beauty Companies (FEBEA) identified around 20 projects in progress, aimed at enhancing local manufacturing.

For more details, visit the original article here.

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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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