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Brits splash the cash on prestige cosmetics Monday, 11th June 2012

 

British consumers are splashing the cash on prestige cosmetic brands in spite of the economic downturn.

Both Lancôme and Estée Lauder have reported strong growth.

Overall, sales of prestige skincare products rose 8.5 per cent by value and 4.4 per cent by volume, while mainstream products fell 0.4 per cent by value and 1.1 per cent by volume last year according to the NPD Group. Mainstream make-up rose 3.8 per cent by value but fell 2.5 per cent by volume, while their prestige counterparts were up 8.5 per cent by value and 4.3 by volume.


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