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As extravagance manufacturers continue to shift from licence models to in- apartment equity, they are focusing on beauty. The industry’s highest margins in this category may help adjust and strengthen a brand’s reputation. However, bringing a splendor business in- residence is not without problems.
It can be challenging to craft a strong brand message across all channels, for instance, if a fashion and beauty team does n’t collaborate well. Furthermore, beauty is a very economical and crammed sector, making it challenging to develop a loyal consumer base. However, when done effectively, it can be a strong instrument for leisure brands to sprout. Puig is an example of a business that efficiently merged a fashion and beauty division and experienced significant growth.