has created a new travel retail division to make the most of a 17-billion-euro ($23 billion) market that is booming as a new, moneyed middle class emerges from China to Brazil. L'Oreal said the democratization of travel had created a new "sixth continent" of consumers ready to buy items such as high-end cosmetics during their journeys. Cosmetics such as perfume, skin creams and make-up were the biggest category, accounting for around 30 percent of travel retail revenue last year, or 17 billion euros. L'Oreal dominated the travel retail market in 2012, with a market share of 21.6 percent, Institut Generation said.
via Health News Headlines - Yahoo! News http://news.yahoo.com/loreal-says-travel-retail-boom-creates-sixth-continent-121321590--sector.html
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