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Outsourcing News : Article

Romania’s cosmetics market gained an annual 15% in 2008

The Romanian cosmetics market rose 15 percent in 2008, compared to its 2007 value of €720 million, according to officials of L’Oreal Romania, subsidiary of the world’s largest cosmetics producer.

Richard Matalon, General Country Manager of L’Oreal Romania, said yesterday that the domestic market’s growth pace in 2008 was higher than that of countries in the region.
 
“Although the beauty market is declining in some European countries, Romania is a new market, where the growth trend will also be maintained in the current context, if professionals in the field are more visible in the media and succeed in making themselves known to the consumer target,” explained Matalon.

Read entire article on Standard.ro

Posted: Friday, January 30, 2009

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