LEBANON
May 1st, 2007
BY PAUL COCHRANE, in BeirutLebanon's cosmetics, toiletries and perfumery sector, excluding shaving creams and soaps, is estimated to be worth US$180 million a year, according to L'Oréal.The sector was seriously affected by the month long war between Israel and Hizbullah last year. Sales plummeted during the war, and imports and exports were paralysed by a 56-day sea blockade by Israel. In the months that followed the economy entered a recession due to political instability and rising unemployment.Multinationals have fared better than local manufacturers, with ...
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