Animal testing in the cosmetics and beauty industry is still prevalent, despite the effort made by consumers and activists alike to get the practice banned in the US. Politicians introduced the Safe Cosmetics Act in 2011, but it has yet to be adopted into law. It gets even muddier when you go abroad, because designations Read more →
Every year Beauty Inc ranks the world’s top 100 beauty companies and this morning, the results came in for 2010.
While it’s not exactly a shocker who made the list (L’Oreal, Proctor & Gamble and Chanel all nabbed top spots) it is surprising to note how the overall list has changed since last year. Namely, that total sales have increased–25.1% to be exact–and that, in particular, small firms saw a large amount of growth, with the list’s 100th-ranked company showing a 9.2% increase since 2009. The news is particularly heartening because, in case you haven’t heard, retail isn’t exactly having a good year.
But not everyone was immune to the recent financial crisis: Of the 15 companies that saw a decline in sales, seven were from Japan, where consumer confidence has been in a continual downward spiral.
See the list of the top 25 beauty companies after the jump.
