The Year Ahead: Beauty’s Cautious Recovery

This article first appeared in The State of Fashion 2022, an in-depth report on the global fashion industry, co-published by BoF and McKinsey & Company. To learn more and download a copy of the report, click here.

Consumers cut spending on discretionary items amid Covid-19 stay-at-home restrictions, and sales of beauty products plunged. In 2020, global sales fell 15 percent from $538 billion in 2019 to $458 billion. In 2021, as lockdowns ease, the sector is close to reversing that fall. A 13 percent increase in sales to $518 billion is projected for 2021 and, in 2022, sales should top 2019 levels.

Asia Pacific and North America should be the first regions to completely recover 2019 sales performance, followed by Europe, while Latin America, the Middle East and Africa will take longer. China, where the beauty market continued to grow during the pandemic, will pick up speed, fuelled by

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Lady Gaga Is the Face of Valentino Beauty’s New Perfume

Photo credit: FILIPPO MONTEFORTE
Photo credit: FILIPPO MONTEFORTE

From ELLE

Between launching her own beauty line and releasing an album, Lady Gaga has found another project: Starring in Valentino Beauty’s latest fragrance campaign. The Italian fashion house announced Gaga as the new face of Voce Viva, a perfume dreamt up by Valentino creative director Pierpaolo Piccioli.

“Imagined as a voice to spread a message around the world, Valentino Voce Viva invites everyone to touch hearts, inspire others and live their dreams,” the brand said in a press release. “Expressing the Maison’s values of inclusivity and individuality, Voce Viva celebrates one of the women’s most intimate sense.”

To spread this messaging, Valentino selected Gaga for her Italian roots, inclusivity, and individuality. “Lady Gaga means freedom, self-consciousness, pure heart,” Piccioli said in a statement. “Her participation in this campaign elevates the symbolic power of the project to the highest level. She is the icon of

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