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Beauty is on the hunt for its next big bang.
The industry has seen a deceleration in sales growth since last year, but pockets of dynamism like the buoyancy of the premium fragrance category and a few recent billion-dollar acquisitions assured investors. In the most recent earnings cycle, many of the world’s biggest firms are lowering their targets, and warning of further narrowing in sales.
“In cosmetics, sequentially, the consumer either isn’t coming back or is spending a bit less than…
