To Russia, with love

Blagov, Sergei
May 2007
ICIS Chemical Business;5/14/2007, Vol. 2 Issue 66, p22
Trade Publication
The article reports on the growth of cosmetics and perfume market in Russia. According to Staraya Krepost consultancy, total cosmetics and perfume sales in 2006 have been estimated at $7.8 billion. Skincare and fragrance sectors are predicted to continue seeing the strongest growth. Arbat Prestige cosmetics retail chain has been pursuing an aggressive expansion strategy, controlling 64 stores and generating $346 million in sales in 2006, up by 44% year-on-year.


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