GREEK COSMETICS INDUSTRY: A YEAR OF UNCERTAINTY
April 1st, 2012
BY MICHAEL KOSMIDES, IN ATHENS
THE GREEK cosmetics market is still holding up, but with difficulty as the country faces years of austerity measures and recession. Although there have been no major mergers or closures in the country's personal care product market, the market looks far from healthy. The Greek debt crisis "is maintaining a protracted climate of uncertainty and affects to great extent commerce in general and as a result the cosmetics sector as well," said the country's business information service ICAP in its latest (October 2011) report ...
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