BW Confidential - Issue #4 - October/December 2010 - (Page 5)

Comment 4 avenue de la Marne 92600 Asnières sur Seine France Tel: +33 (0)1 74 63 49 60 Fax: +33 (0)1 53 01 09 79 Subscribe on page 80 Positively charged t’s been hard to escape the negativity surrounding this industry, and many others over the past two years. But while business has been tough, it’s not been all bad: beauty has seen better growth rates than a lot of other industries and has for the most part resisted price deflation. The category’s high margins and its accessibility for emerging-market consumers have also made beauty become a more attractive area for outside players—fashion retailers for example. In addition, many of the major consumer-goods groups are now looking to grow their share in this market—Unilever is to buy US-based company Alberto Culver partly to close the competitive gap with L’Oréal and P&G, but also to focus more on the highmargin personal-care business. Flick through this special bumper issue of BW Confidential magazine and some of these positives shine through. Beauty in the travel-retail channel has made an impressive comeback this year and continues to drive passengers into airport shops. The reactivity and in-store innovation on the part of some of the retailers in this channel could also teach the distribution in domestic markets a thing or two. Even in fragrance, which is often described as a category that is ‘sick’, there are some upsides. There are fewer ‘cheap and dirty fragrances’ coming to market and more talk about returning to quality and making the category interesting again for consumers. Then there are the emerging markets. In this issue we explore the real potential of India—although this is one market, where perhaps the positives have eclipsed some of the realities over the years. On paper these positives are reassuring, but it’s probably only a good end-of-year holiday season (which this year will provide a particularly telling reading of the state of the market) that will offset some of the gloom still hanging over the industry. I Publisher Nicolas Grob Editorial Director Oonagh Phillips Deputy Editor Alissa Demorest Travel Retail Editor Kevin Rozario Contributors Tina Clark, Louise Dury, Claire Duffy, Mayu Saini, Laëtitia Bonnet-Mundschau Art Direction APSC Design Cover art direction: Kaïs Brahmi Marketing Director Nicolas Leclerc Subscriptions 1 year: €499/US$699 Price per issue: €125/US$175 BW Confidential is published by Noon Media 513 746 297 RCS Paris Printed in France by Imprimerie de Champagne Copyright © 2010. All rights reserved. Reproduction in whole or in part without permission is strictly prohibited. Cover image credit: istock BW Confidential est édité par Noon Media SARL 4 avenue de la Marne 92600 Asnières sur Seine Directeur de la publication : Oonagh Phillips Imprimeur : Imprimerie de Champagne ZI Les Franchises 52200 Langres ISSN 2109-3350 Abonnement annuel (4 n°) : 499 € / 699 US$ Prix de vente au numéro : 125 € / 175 US$ Dépôt légal à parution BW Confidential magazine n°4 octobre-décembre 2010 n° CPPAP 0512 T 90373 Oonagh Phillips Editor in Chief October-December 2010 - N°4 - BW Confidential 5

Table of Contents for the Digital Edition of BW Confidential - Issue #4 - October/December 2010

- Brand & retail news recap
- Digital digest
- Companies on the move
Take note
- Market facts, figures & trends
Best of BW
- Highlights from our e-publication
- The latest in fragrance, skincare & make-up
- BPI president Rémy Gomez
Insight: fragrance
- Category overview
- Retailing
- Industry viewpoint
- New opportunities
- Launch roundup
- Airport Spas
- Spa case studies
- New store concepts
Travel retail
- Market overview
- Retail strategies
- Interview: World Duty Free & Aldeasa
Show preview
- TFWA World Exhibition
- Six up-and-coming beauty brands
Market watch: India
- Country overview
- Industry roundtable
- Retailing analysis
- Sector outlook
- Sustainability
Last word
- Mintel head beauty consultant Nica Lewis

BW Confidential - Issue #4 - October/December 2010