Swedish foreign ministry officials met with Iran's ambassador in Stockholm over the shutdown of cosmetics firm Oriflame's Tehran office and the arrest of five of its employees there, a spokeswoman said Wednesday.
The health & beauty market continues to show resilience in the economic downturn, with 2010 growth forecast at 5.0%. Consumers are less willing to trade down or cut back on items which are viewed as a necessity by many.
Health & beauty has been one of the more resilient retail sectors during the recession. However, we estimate that the EU health & beauty market declined by 0.7% in 2009 as the recession propelled the private label trend in personal care goods.