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Article: Discounting softens economic blow to the Colombian beauty industry: when it comes to South America, Brazil is the first country most people think of. However, Colombia has also grown rapidly, and Euromonitor research manager Mary Tabion says the its C&T industry is acting decisively to ward off any slowdown.(INTERNATIONAL NEWS)
- Article from:
- Cosmetics International
- Article date:
- September 11, 2009
CopyrightCOPYRIGHT 2009 Communications International Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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After enjoying five years of robust growth, the C&T industry, in Colombia is bracing itself for leaner times in 2009 and 2010. Retail sales posted strong gains in 2008, rising 8%, fuelled primarily by hair and skin care products.
Colombian cosmetics and toiletries companies have been working to expand their reach beyond the country's borders, especially in the area of natural products. The Camara de la lndustria de Cosmetica y de Aseo has organised funding and research initiatives to develop local expertise in the use of natural and organic ingredients, with the goal of producing domestically and internationally competitive products. Colombia's biodiversity ...