Beauty
November 4, 2026
Beauty is the most-protected discretionary spend. Image credit: Shutterstock
By Luxury Marketer Intelligence
The beauty market fragmentation is accelerating and the industry is shape-shifting faster than it’s growing.
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","iv":"c6067ead6053a604e914cd42097f7415","s":"0944ec8b3da7f29e"}
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