LEBANON COSMETICS SECTOR STRUGGLES WHILE CIVIL WAR DECIMATES SYRIA’S PERSONAL CARE MARKET
July 1st, 2013
LEBANON’S personal care product market, estimated by local industry executives to be worth USD80 to USD100 million-a-year, has been struggling over the past two years due to an economic downturn, political instability, and a drop in tourists. The civil war in neighbouring Syria has had a clear impact, while the conflict has resulted in Syria's personal care market grinding to a halt, with the exception of essentials such as shampoo.Joanne Chehab, general manager of Lebanese cosmetics firm Ch. Sarraf & Co., part of the Malia Group, which has its own line of ...
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