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05/03/2021 Diversity in Beauty - UK - February 2021 - Market Drivers

Diversity in Beauty - UK - February 2021


This report is supplied in accordance with Mintel's terms and conditions. © Mintel Group Ltd.

The rippling effects of the BLM movement


The murder of George Floyd in the US in 2020 sparked a resurgence of anti-racism demonstrations around the world,
including some of the largest anti-racist protests in British history. The Black Lives Matter UK campaign group was given
legal status in 2020, adopting the name Black Liberation Movement allowing it to receive donations. The UK government
also launched a new ‘Diversity Built Britain’ coin in 2020 marking the contribution minority communities have made to the
shared history of the UK.

However, the BLM movement and protests have had reverberations across all industries, not just political institutions. In
BPC, UOMA Beauty founder Sharon Chuter set up the Instagram feed @pullupforchange in summer 2020 challenging
brands to release data on the number of Black employees within their organisations and encouraging them to have at least
10% Black corporate employment. Although some beauty brands chose not to share their numbers, many did, while others
made promises to do better. Johnson & Johnson for example has vowed to add 50% more managers at VP level by 2025 as
part of its initiative to tackle systemic racism.

On a product level, L’Oréal removed words like ‘whitening’, ‘fairness’ and ‘lightening’ from skincare products while the Indian
and Bangladeshi arms of Unilever renamed its Fair & Lovely skin-lightening cream to Glow & Lovely. With the focus firmly
on racism, the cause is top of mind for consumers and brands alike.

How white is White?


Brands can no longer assume that consumers fit into neat boxes based on ethnicity when it comes to skin tone. There is a
wide range of skin tone variation even within the same ethnic group, with 45% of those with medium/dark skin tones
describing themselves as ethnically White for example.

Also taking into account undertones, which can vary considerably within a shade range, the skin tone needs of consumers
are complex. Brands can better showcase the visual representation of product shades by showing how the same shade
performs on models from different ethnicities. This could allay concerns of those who are ethnically White but have darker
skin, or those who are ethnically Asian but with lighter skin for example.

FIGURE 7: Ethnicity, by skin tone, December 2020

“Which of the following best describes your natural skin tone?”

Base: 1,953 internet users aged 16+ who described their skin tone

Source: Lightspeed/Mintel

The government improves access for disabled people

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The UK government announced extra funding in 2020 to improve travel for people with disabilities, including a competition to
find new ways to improve transport accessibility. The extra funding could remove physical barriers, making it easier to
access information or better support travellers. The projects include practical solutions that remove physical barriers, such
as ways for visually impaired travellers to identify buses, and smartphone apps to report inaccessibility.

Mintel’s Diversity in Beauty – UK, November 2019 Report shows that 41% of adults agree that there aren’t enough facilities
for disabled people in stores that sell beauty and grooming products – highlighting the issue of accessibility in BPC.
Retailers can take inspiration from the initiatives that the government introduces for transport, such as creating a more
accessible store environment or making it easier for customers to report issues.

Brexit could impact UK’s diversity


Freedom of movement between the UK and the EU has also come to an end with the completion of the Brexit transition
period on 31 December 2020. Those who want to cross from one side to another to live or work will have to complete more
paperwork as well as ensure their professional qualifications are recognised. This will impact the labour market, making it
difficult for businesses to hire people on either side of the border, which could impact diversity within organisations in the
UK.

However, data from the ONS shows that, while immigration from the EU has declined since the results of the Brexit
referendum in 2016, immigration from the rest of the world has increased – with a rise in students from China and India
driving this. This could see increased racial diversity in the UK in the coming years, meaning that beauty brands and
manufacturers will have an increasingly racially diverse consumer base to design products for.

Gender inequality remains a real issue


While data from the ONS reported that the gender pay gap had reached an all-time low of 7.4% among full-time employees
in April 2020 (from 9% in 2019), Mintel’s Finance Tracker shows that women are less financially comfortable than men.
Indeed, data from the ONS shows that while the gender pay gap remains close to zero for full-time employees aged under
40, it increases to more than 10% for older age groups.

COVID-19 has exacerbated the economic gap, with industries where women are predominantly employed such as retail and
hospitality being particularly hard hit while male-dominated sectors such as construction and manufacturing have been less
impacted.

Mintel’s Marketing to Women – UK, March 2020 Report shows that 67% of women agree that more should be done to
ensure women are treated equally in the workplace and 54% think that better gender equality would be beneficial for the UK
economy. While the UK has scrapped tax on sanitary protection products since leaving the EU, the so-called ‘pink tax’ still
exists – meaning that in many personal care categories, women are paying more than men for equivalent products.

FIGURE 8: Financial situations compared with a year ago, by gender, October 2020

"How does your own financial situation compare to how it was a year or so ago?"

Base: 2,000 internet users aged 16+

Source: Lightspeed/Mintel

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The great economic divide
Data from Mintel’s Finance Tracker shows that those from AB and C1C2 socio-economic backgrounds are more likely to
have extra income to add to their savings and reduce their mortgages, highlighting that saving money and reducing debt are
financial privileges.

The impact of COVID-19 on the economic divide has been masked in 2020 largely due to the government’s furlough
schemes, however, consumers are increasingly worried about their financial status, seeing them cut back on spend when it
comes to BPC (see Impact of COVID-19 on the Beauty Consumer). With UK GDP set to continue to be impacted by both
the pandemic and Brexit, consumers at the lower end of the income bracket will be hardest hit.

Mintel’s Diversity in Beauty – UK, November 2019 Report shows that 39% of adults think that products for minorities are
expensive, highlighting that price inclusivity is an issue for many; especially those who consider their beauty needs to be in
the minority.

FIGURE 9: Adding to savings and reducing mortgage debt in last three months and next three months, by socio-economic
group, October 2020

"Which of the following have you done over the last 3 months? And which do you plan to do over the next 3 months?"

Base: 2,000 internet users aged 16+

Source: Lightspeed/Mintel

Cater to the over-55s in-store


The UK continues to see an ageing population, and while the beauty industry has been lauded for its efforts for being more
age-positive in the last decade, brands and retailers can still do more to be age-inclusive. The in-store environment remains
one that targets younger shoppers for example, with Mintel’s Diversity in Beauty – UK, November 2019 Report showing that
58% of women aged over 55 think all beauty sales assistants look the same.

Retailers can look to create a more inclusive in-store environment by hiring sales assistants across the age spectrum, which
would make it easier for over-55s to seek help and trust the advice of sales assistants.

FIGURE 10: Trends in the age structure of the UK population, 2015-25

Age 2015 % 2020 projection % 2025 projection % 2015-20 % 2020-25 %

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(000s) (000s) (000s) change change
0-4 3,892 6.2 3,800 5.7 3,637 5.3 -2.4 -4.3
5-9 3,824 6.1 4,152 6.2 3,907 5.7 +8.6 -5.9
10- 3,431 5.4 4,049 6.0 4,231 6.2 +18.0 +4.5
14
15- 3,699 5.9 3,676 5.5 4,154 6.1 -0.6 +13.0
19
20- 4,200 6.6 4,117 6.1 3,907 5.7 -2.0 -5.1
24
25- 8,590 13.6 9,026 13.4 8,824 12.9 +5.1 -2.2
34
35- 8,128 12.9 8,517 12.7 8,967 13.1 +4.8 +5.3
44
45- 8,926 14.1 8,929 13.3 8,395 12.2 - -6.0
54
55- 7,237 11.4 8,376 12.5 8,975 13.1 +15.7 +7.2
64
65+ 11,301 17.9 12,552 18.7 13,674 19.9 +11.1 +8.9
Total 63,228 100 67,194 100 68,671 100 +6.3 +2.2

Source: Office for National Statistics/Mintel

Breaking the gender barriers


Mintel’s Marketing to Men – UK, February 2020 and Marketing to Women – UK, March 2020 Reports show that there is a
perception that, when it comes to advertising, men are stereotyped just as much as women and diversity does not feel
sincere. In addition, men continue to feel that they are portrayed as inferior, which could be resulting in men disengaging
from BPC categories.

With high agreement that the lines between masculine and feminine have been blurred in recent years, breaking down
gender barriers could be one way to encourage men to engage in beauty and grooming categories. Mintel’s Men’s Haircare
and Skincare – UK, March 2020 Report shows that 50% of men who buy skincare/haircare are interested in
genderless/unisex products, suggesting that gender-neutral propositions could appeal to them.

FIGURE 11: Attitudes towards gender stereotypes and gender politics in advertising, by gender, October 2019

“Do you agree or disagree with the following statements?”

Base: 2,000 internet users aged 16+

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Source: Lightspeed/Mintel

If you want more details about this particular report, please contact the Mintel information team on +1 312-932-0400 in the U.S. or
+44 (0)20-7606-6000 in the UK and the rest of the world, or email them to info@mintel.com.

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05/03/2021 Diversity in Beauty - UK - February 2021 - Launch Activity and Innovation

Diversity in Beauty - UK - February 2021


This report is supplied in accordance with Mintel's terms and conditions. © Mintel Group Ltd.

Communicate for all hair textures


For haircare to be truly inclusive, NPD should cater to all hair textures. In addition, focusing communication on texture rather than race or ethnicity may resonate more with consumers;
particularly as ethnicities continue to blur. 2020 saw the launch of Mielle Organics in the UK, launching in retailers such as Boots. The brand focuses on hair texture rather than nationa
race, and the products are created for all hair types.

For those with textured hair to feel included by a brand, brands can look to show their expertise on these hair types. Those with textured hair are used to discussing their hair type in
patterns, shapes, kinks and coils – brands can communicate the effectiveness of their products by showing their knowledge in these areas and communicating it using models with diff
hair textures.

Those with textured hair also have different scalp needs due to lower washing frequencies. This creates opportunities for scalp care products, such as co-washes, scalp massages and

Hormonal skincare could inspire NPD in haircare


Brands have expanded on hormonal claims in skincare in 2020, going beyond products for menopausal women: Indeed Laboratories’ Me-NO-Pause range is designed for women who
pre-, post- or menopausal; Womanology’s Prepare/Repair Elixir is designed for use pre- and postnatally; while _faace’s Period Mask is designed to address skin concerns faced during
menstruation. The brand also donates one pack of period products to Hey Girls for every purchase; a charity that helps reduce period poverty in the UK.

As consumers become familiar with seeing previously taboo topics like periods and the menopause openly discussed and designed for in the skincare category, other beauty categorie
follow suit. Hormonal haircare in particular has opportunities, with data from Mintel’s Women’s Haircare – UK, March 2020 Report showing that younger women are more likely to have
hair, which could be due to hormonal fluctuations, while over-55s are more likely to suffer from an itchy scalp which could be related to reduced collagen production triggered by the
menopause.

FIGURE 12: Hormonal skincare launches, 2020

Indeed Laboratories Me-NO-Pause Restorative Cream (Indeed Laboratories) Womanology Prepare/Repair Elixir (Womanology) _faace Period Mask (Faace)

Source: Mintel GNPD

From anti-ageing to mindful ageing


Older consumers want to be acknowledged in a positive way, and language that celebrates ageing will have appeal. A number of brands launched in 2020 use terminology to describe
ageing in a more positive light.

The Arbonne AgeWell collection is designed to embrace a holistic, mindful approach to ageing, with the range also being gender-neutral, while SUQQU Vialume is described as a luxu
skincare line for ageing skin, to offer care for more beautiful mature skin.

FIGURE 13: Skincare for ageing skin, 2020

Arbonne AgeWell Silky Cleanser with Vegan Surfactants (Arbonne International) SUQQU Vialume The Serum (Equipe)

Source: Mintel GNPD

Supporting Black-owned skincare


Beauty brands and companies have sought to support more Black-owned beauty brands in 2020; a trend that will continue into 2021. 4.5.6 is a custom-made skincare brand for Black
Brown skin made by people with the skin phototypes 4, 5 and 6. The Fitzpatrick skin phototype system is commonly used to describe skin type in terms of its response to UVR exposu
with the skin types ranging from extremely fair (type 1) to very dark (type 6). The brand is one of three start-ups selected to be part of LVMH Research Centre’s Cosmet’Up programme

2020 also saw the launch of the ARClight initiative, created by suncare brand Ultrasun and skincare brand skinSense to support Black-owned skincare brands in the UK. The initiative
Freya + Bailey as its first recipient, enabling the brand to have support for retail strategy, distribution and warehousing and business advice.

FIGURE 14: Freya + Bailey Natural Skincare and 4.5.6 skincare, 2019 and 2020

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Freya + Bailey Quench! Clarifying Face Moisturiser (Freya + Bailey Natural Skincare) 4.5.6 Come Clean Cleansing Oil (4.5.6)

Source: Mintel GNPD

There have also been a number of incubator projects to support Black-owned businesses. Lashify launched a new incubator project in 2020 to help Black-owned beauty grow, investin
brands that are in the early stages of launching or already launched and in need of some help. Glossier also announced grants for Black-owned beauty businesses in the US, while Ph
launched Black Ambition, an accelerator for Black and Latinx entrepreneurs.

Power to the people


Brands are also looking at ways to bring consumers into the product development process, which could give rise to more inclusive beauty products. Volition, launched in 2020, creates
products initiated by consumers who are looking to address a specific need. The skin concerns are matched to labs and chemists, enabling buyers to be involved in the decision-makin
process. Glossybox’s Skincare collection launched in 2020 is also developed using feedback from users; in this case its own subscribers.

Meanwhile MyBeautyBrand allows users to open up their own webstore to showcase the brand’s products, earning commission. The company sells peer-to-peer recommendations and
facilitates its users to open e-stores where looks shared can be shopped, with consumers earning a commission on sales of the brands they show. Such an initiative can drive awarene
a brand or product amongst minority groups, giving brands access to new consumer groups online.

FIGURE 15: Community-inspired/generated beauty brands, 2020

Volition Orangesicle Balancing Daily Glossybox Skincare Exfoliating Clay Scrub Neighbourhood Botanicals X MyBeautyBrand Oil to Milk Makeup Remo
Cleanser (Volition Beauty) (THG Company) Face Cleanser (MyBeautyBrand)

Source: Mintel GNPD

Time to go beyond foundation in makeup


While 40 has become the magic number when it comes to foundation ranges (with many brands going above and beyond this number), neglecting to innovate in shade ranges beyond
foundation could see brands lose out.

Brands are yet to create stories about bronzer or blusher ranges for darker skin tones, particularly at the mass-market end of the price spectrum. Rimmel’s Radiance Brick bronzer feat
just two shades for example, and women with darker skin tones often find themselves turning to smaller, independent makeup brands or having to buy more premium brands with a wid
shade offering.

Prime Beauty Cosmetics is a US indie brand for women of colour that features highlighter, bronzer and loose powder in its face range rather than foundation. The brand also stocks
‘complexion bundles’ with its face products.

FIGURE 16: Prime Beauty, November 2020

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Source: Prime Beauty Instagram/Mintel

E
Make beauty accessible for all
New brands are entering the colour cosmetics category to make beauty more accessible for all. Guide Beauty, launched in 2020, is created by a former Dior makeup artist after being

opportunity Khorat
diagnosed with Parkinson’s disease. The products are designed to provide comfort and precision, and by easing the makeup application process, they have universal appeal.

FIGURE 17: Guide Beauty Cosmetics, December 2020

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Source: Guide Beauty Cosmetics Instagram/Mintel

Brands are also going beyond product design, with Kohl Kreatives charity Kohl Kares providing free cosmetic technique workshops for people undergoing gender transition and receivi
chemotherapy.

Brands are also innovating in ways to make it easier for visually impaired consumers to use their products, such as L’Occitane which features Braille on 70% of its product line. In the U
skincare brand VictoriaLand Beauty developed a tactile symbol for its range of products to indicate product type, as not everyone reads Braille.

FIGURE 18: VictoriaLand Beauty, December 2020

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Source: VictoriaLand Beauty Instagram/Mintel

Celebs launch diverse ranges


2020 saw the launch of a number of celebrity beauty brands, bringing products for a diverse audience. Venus Williams launched the lifestyle brand EleVen, teaming up with Credo Bea
and the Sunscreen Company to create a collection of reef-safe SPF products designed for all skin tones. While the launch is currently limited to the US, Mintel’s Suncare: Inc Impact of
COVID-19 – UK, December 2020 Report shows that there is interest in suncare products for different skin tones in the UK. Also in the US, Tracee Ellis Ross launched the haircare bra
Pattern for textured hair.

FIGURE 19: EleVen by Venus Unrivaled Sun Serum (US), 2020

EleVen by Venus Unrivaled Sun Serum SPF 35, CyberDERM Laboratories (US)

Source: Mintel GNPD

If you want more details about this particular report, please contact the Mintel information team on +1 312-932-0400 in the U.S. or +44 (0)20-7606-6000 in the UK and the rest of the world, or email them t
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Diversity in Beauty - UK - February 2021


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Consumers struggle to match products to their needs


Brands and retailers can do more to not only cater for different skin tones/hair types but also make it easier for consumers to find what they are
looking for. Those with medium/dark skin tones are more likely to find it difficult to find products suited to their skin tone or hair type (see Databook),
highlighting that while brands are getting better at catering for the needs of those with darker skin tones, the retail environment still doesn’t reflect
this.

The fact that this is true for so many BPC buyers, even across the broader population, highlights just how much room there still is for improvement
across the industry. At the same time, though, it confirms that efforts to better cater for the needs of minority groups will have wider benefits,
increasing the options available to buyers who might not necessarily define themselves as BAME, but whose still struggle to find products suited to
their skin tone.

In-store tools that enable consumers to measure their skin tone/hair type for more personalised recommendations will appeal. With in-store trial
impacted by COVID-19, automated tools using AI/AR technology could be one way to help consumers find products suited to them. Algorithms are
also becoming more sophisticated – Il Makiage’s online algorithm that recommends a shade without using diagnostic tools claims to have a 94%
success rate.

When it comes to online shopping, retailers can also look to improving navigation to enable shoppers to find products/brands suited to their needs,
particularly as those with medium/dark skin tones are more likely to find it difficult to navigate online retailers (see Databook). Classifying products
by hair type in haircare could be one way, or recommending brands known for catering to a wider range of skin tones.

Online shade comparisons across brands can also help consumers try new brands, particularly as try-before-buy has been significantly impacted
by the pandemic. Findation is a global comparison site that enables users to cross-reference their usual shades with an algorithm to find similar
shade options in other brands.

FIGURE 29: Issues faced when purchasing BPC products, December 2020

“Which of the following issues do you have when buying beauty and grooming products? Please select all that apply.”

Base: 1,806 internet users aged 16+ who buy BPC products

Source: Lightspeed/Mintel

The age issue differs by gender


The issue of finding products suited by age differs for the genders, with young male BPC buyers finding it difficult to find products suited to their
age, while women struggle as they get older.

Young men are more involved with their BPC routines than older men, and where older male BPC buyers are more influenced by low price when
shopping for skincare/haircare products, younger men also look for things like ethical and environmental considerations (see Mintel’s Men’s
Haircare and Skincare – UK, March 2020 Report). The same Report shows that they’re also more likely to have a range of skincare and haircare
concerns, which may make it difficult for them to find brands that are suited to their ethical considerations as well as meet their skincare/haircare
needs.

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When it comes to older women, they have often felt excluded from the beauty industry. Data from Mintel’s Diversity in Beauty – UK, November
2019 Report shows that 58% of women aged over 55 think that beauty sales assistants all look the same, suggesting that women in this age group
don’t feel represented in-store.

In-store representation can also go some way to help young men, with data from the same Report showing that 41% of men aged 16-24 agree that
stores that sell beauty and grooming products only cater for women. In Germany, retailer DM re-evaluated the way men’s products were promoted
in stores, creating dedicated shelving with clear direction to help men navigate. The retailer also launched its affordable male grooming line SEINZ.
at the same time as a website dedicated to giving advice to men.

FIGURE 30: Issues finding BPC products suited to their age, by age and gender, December 2020

Base: 1,806 internet users aged 16+ who buy BPC products

Source: Lightspeed/Mintel

Improve in-store access for hidden disabilities


In-store accessibility impacts younger BPC buyers, who are more likely to have issues reading information in-store and getting physical access to
stores. Accessibility issues may be related to store opening hours, with young people likely to be in full-time employment or education making it
difficult to visit physical stores during quieter periods. Extended opening hours could help combat this, including early opening. Mobile services can
also appeal, such as booths/vending machines in busy locations.

Data from Mintel’s Diversity in Beauty – UK, November 2019 Report shows that 52% of 16-24s agree that there aren’t enough facilities for disabled
people in stores to sell beauty and grooming products. As well as improving access for those with different levels of physical abilities, retailers
should also be aware that not all disabilities are visible.

Just as the government and TfL have made it easier for those with hidden disabilities to get access to the Blue Badge and ‘Please offer me a seat’
badge, retailers can also make it easier for shoppers to signal when they may need extra help. Badges that can be offered to shoppers to indicate
that they may need assistance could help those with hidden disabilities feel at ease. In 2019, Sephora introduced coloured baskets in its European
stores that indicate whether a customer wants helps or prefers to be left alone. Such initiatives enable shoppers to indicate what they need without
having to verbalise it.

FIGURE 31: Issues related to reading information or accessing physical stores for BPC shopping, by age, December 2020

Base: 1,806 internet users aged 16+ who buy BPC products

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Source: Lightspeed/Mintel

Drive communication in new ways


While issues with reading information in-store could be related to eyesight problems, the higher rate of issue in younger BPC shoppers indicates
that it could also be related to literacy rates. According to the OECD Skills Study published in 2016, at every qualification level, young people in
England have low basic skills. The study also shows that low-skilled adults are a diverse group, some with good qualifications and the majority in
some sort of work, challenging the stereotypes often associated with adults who are low-skilled.

Retailers can help those who may struggle with reading in-store information by offering different forms of communication. Images or emojis
alongside signs could be one way, as well as audio descriptors. Brands and retailers can partner to create apps that describe products, ingredients
and claims to make it easier for shoppers to access and understand information while shopping in-store. QR codes on packaging for example can
be used to unlock more information about a product.

Ease the online experience


As younger people are more likely to buy BPC products online (see Databook), they’re also more likely to experience issues navigating online
retailers (16% of 16-34s). This suggests that if young people, who are typically internet-savvy and buying online more, struggle to navigate some
online retailers then older consumer groups may be put off using online retailers altogether.

With online buying seeing a significant boost in 2020 due to COVID-19 (see Impact of COVID-19 on the Beauty Consumer), retailers will lose
shoppers in the long term unless online shopping is made easier. More filter options could be one way to improve navigation, enabling shoppers to
search for products by their ethical considerations and formula preferences (eg fragrance-free) and not just brand/product preference.

Retailers can also use imagery reflecting shoppers to help them find the products suited to them. On a haircare page for example, showing different
types of hair and then recommending the brands best suited can make it easier to shop. Adapting the homepage based on a shopper’s age,
gender or ethnicity can also make it easier to offer targeted recommendations.

Educate sales assistants on changing consumer needs


Brands and retailers can look to training sales assistants to offer advice on the changing needs of the consumer by lifestage. 19% of BPC buyers
aged 25-34 struggle to find sales assistants who understand their needs (see Databook). Those in this age group may find their BPC needs
changing – hormonal changes brought on by pregnancy could find new mums struggling to find products, while the first signs of ageing in grey hair
or looser skin could find consumers looking to change their routines or colour their hair for grey coverage for the first time. Sales assistant can be
trained on the changing needs by lifestage as well as how to be sensitive towards those whose needs have changed.

If you want more details about this particular report, please contact the Mintel information team on +1 312-932-0400 in the U.S. or +44 (0)20-7606-6000 in the UK
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Addressing the differences COVID-19 has highlighted


The COVID-19 pandemic has exacerbated existing societal differences. Those working in retail or hospitality have been
most impacted by job losses and uncertainty, while the infection rate has been disproportionately high in BAME groups
who are overrepresented in industries such as accommodation and foodservice.

These industries were also highly exposed to the economic disruption caused by COVID-19, and in BPC, the economic
divide will see many consumers trade down and even cut back on non-essential spend, particularly as ongoing
lockdowns and social distancing restrictions simply reduce the need to use beauty products. Indeed 22% of those
describing their financial situations as tight have already spent less on BPC since the pandemic (see Databook)
compared with 18% of average.

Mintel’s Diversity in Beauty – UK, November 2019 Report showed that 39% of adults already thought that BPC products
for minorities are expensive, and the likelihood that the economic turmoil will disproportionately affect some minority
groups means that there’ll be a need for masstige brands to innovate in more inclusive ranges.

In particular, masstige brands have an opportunity to appeal to price-conscious shoppers by offering a more premium
feel to those on budgets. This can drive the accessibility of beauty products for those with tighter finances.

Retailers can also use the increase in shopping online since the start of the pandemic as a way to drive a more inclusive
shopping experience. 14% of BPC buyers have difficulty reading information in-store/on packaging and 13% struggle to
get physical access to stores. Online retailers can take inspiration from brands such as Alterna, which allows shoppers
to see an amended site based on their physical needs, such as larger font sizes, or enhanced compatibility with screen
reader tools.

The issue of authenticity


Consumers want beauty brands to be more inclusive, but efforts need to be authentic. Consumers have already been
primed to watch for “greenwash” when it comes to claims linked to sustainability, and it’s clear that this is becoming an
issue for diversity-focussed messaging. 56% of adults think that diversity has become a tick-box exercise for beauty
brands. More inclusivity within an organisation can go some way to allaying this, particularly as 28% of adults consider
the employment of people from different minority groups in leadership roles to be a top three factor for a diverse beauty
brand.

However, brands need to be careful that such efforts don’t become a quota-filling exercise and that diverse voices within
an organisation are listened to and empowered. Instagram accounts like @influencerpaygap are highlighting the pay
disparities between Black and White influencers, and activist accounts like Estée Laundry are encouraging employees
to share their employment experiences anonymously. As such, consumers will be made aware of inauthentic actions
and shift their loyalty – and spend – to brands that better represent their values. Indeed, 29% of BPC shoppers have
stopped supporting a brand/retailer that was called out for racism/cultural insensitivities, rising to 58% of 16-24s.

As well as inclusive recruitment drives, well-known beauty brands and retailers can support minority-owned businesses
as a way to drive inclusivity. 23% of BPC buyers seek out brands that are minority-owned, suggesting that initiatives like
The 15 Percent’s pledge seeing retailers commit shelf space to Black-owned businesses in the US will have appeal in
the UK.

Projects which offer mentorship and funds to Black-owned businesses, such as Lashify’s incubator project in 2020, can
help bigger brands identify indie brands that are targeting the needs of under-served communities, as well as give them
a platform to grow. Such initiatives help drive the authenticity of inclusivity efforts, challenging consumer scepticism.

Time to take a stand


Where previously, staying silent on topical issues and simply not causing offence was enough for a brand to ensure it
did not lose followers, consumers are now looking for beauty brands and retailers to take action. 46% of BPC buyers
are more likely to buy from a brand/retailer that takes a stand on issues related to minority groups than one that doesn’t,
increasing amongst 16-24s – which is typical of this age group.

Taking a stand doesn’t necessarily have to be political, however. Indeed, consumers may not want beauty brands to be
explicitly political; only 13% of adults consider the taking of a political stand on issues relating to minority groups as a
top three factor for a diverse beauty brand for example.

Consumers are looking to beauty brands and retailers to have an opinion and follow it with action, and this can be as
simple as supporting minority-owned businesses. For example, with 23% of BPC buyers seeking out brands that are
minority-owned, retailers can make it easier for shoppers to spot these brands on shelf.

There is also space for well-known brands to expand their brand attributes – particularly as 35% of adults agree that
well-known beauty and grooming brands don’t do enough to be inclusive. While NIVEA and Dove score highly for being
authentic and age-positive, neither brand scores particularly well for being inspiring or empowering – both of which are
attributes these brands could explore without being political.
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05/03/2021 Diversity in Beauty - UK - February 2021 - Issues and Insights
Similarly, L’Oréal Paris has low scores for being gender-inclusive (10%) and open (12%), despite the brand’s efforts to
recruit models and spokespeople from different genders and backgrounds. Having an opinion, supported with consistent
campaigns as well as showcasing what a brand is doing behind the scenes (eg in recruitment drives), could help
consumers see that it is taking a stand on topical issues.

If you want more details about this particular report, please contact the Mintel information team on +1 312-932-0400 in the U.S. or
+44 (0)20-7606-6000 in the UK and the rest of the world, or email them to info@mintel.com.

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05/03/2021 Diversity in Beauty - UK - February 2021 - Impact of COVID-19 on the Beauty Consumer

Diversity in Beauty - UK - February 2021


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Lifestyles of the over-55s have been particularly impacted


Worry about the impact of COVID-19 on lifestyles is high, and increases with age as older people have been restricted more due to
shielding. While the vaccine is being administered to the at-risk and oldest age groups first, it won’t be until phase five of vaccine rollout
that all over-65s are expected to be vaccinated, meaning that older consumers will continue to be limited for much of 2021.

Although engagement in BPC declines by age, the pandemic has exacerbated this by making it harder for over-65s to access products
and advice in physical stores. Beauty brands and retailers can reach out to over-65s with BPC initiatives to help those stuck at home,
particularly during lockdowns, to have a beauty ‘pick-me-up’.

Beauty care packages that help consumers improve their emotional wellbeing could be a way to appeal to older consumers and drive
interest, repositioning beauty products for more than purely functional needs. Brands can also create online communities for older
consumers to combat loneliness, enabling them to communicate with one another as well as stay in touch with a brand.

Retailers can also ease the online shopping experience by offering telephone services to help guide people through online shopping, or
offering at-home drop-off and pick-up services to enable shoppers to return products easily.

FIGURE 22: Worry and extreme worry related to COVID-19 impacting lifestyles, by age, 8-16 December 2020

“To what extent are you worried about how the outbreak might affect your lifestyle?”

Base: 1,000 internet users aged 16+

Source: Lightspeed/Mintel

Professional hair brands can target over-55s


Mintel’s Beauty Tracker data shows that over-55s are most likely to visit a barber/hairdresser, but with the closure of professional services
during lockdowns and limited access to them between lockdowns, over-55s have been the most impacted.

[
Hair colour brands used the first nationwide lockdown to keep in touch with consumers remotely as well as showcase how-to videos and
offer tips and advice. Tailoring communication to the over-55s can drive the use of home hair colour/treatment products, such as showing
grey coverage methods.

For the oldest demographic in particular, visiting a hairdresser/barber may be just as much about connecting with others on a human level
as it is about having a professional treatment done. Stylists can offer online services to connect with regular salon visitors as well as
create remote communities using social media to enable customers to stay in touch.

FIGURE 23: Visited a hairdresser/barber in the last 3 months, by age, December 2019 and December 2020

“Which of the following related to beauty and grooming have you done in the last 3 months?”

Base: 2,000 internet users aged 16+

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Source: Lightspeed/Mintel

BAME groups have been hard hit


As household finances are squeezed, consumers have cut back spend on BPC since the start of the pandemic. While the full impact of the
pandemic on household incomes has been largely masked due to the government’s furlough schemes, 22% of those describing their
financial situations as tight having spent less on BPC since the pandemic (see Databook) shows that it is a category where consumers are
cutting back when needs be.

BAME groups have been impacted in particular. Industries such as accommodation and foodservice, where BAME people are
overrepresented, have been hard hit with redundancies, while a report published by PHE in June 2020 shows that death rates from
COVID-19 were higher for Black and Asian ethnic groups compared with White ethnic groups. The report suggests that COVID-19 did not
create health inequalities, but rather exposed and exacerbated the inequalities affecting BAME groups. The report also found that ‘historic
racism and poorer experiences of healthcare’ mean that those from BAME groups are less likely to seek help when needed.

This will have long-lasting consequences. Aside from the time it will take to financially recover from the impact of the pandemic, COVID-19
has highlighted the racism and social inequality faced by BAME groups. In a year where the BLM movement has gained more momentum
than ever before (see Market Drivers), the inequalities faced by minority groups in the face of the pandemic only highlight issues of
inequality further.

FIGURE 24: Spend on BPC products compared with before COVID-19/coronavirus, 8-16 December 2020

“Compared to before the COVID-19 outbreak, do you think you are spending more, about the same or less on the following?”

Base: 1,000 internet users aged 16+

Note: data may not sum due to rounding

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05/03/2021 Diversity in Beauty - UK - February 2021 - Impact of COVID-19 on the Beauty Consumer
Source: Lightspeed/Mintel

Online retailers have to be more inclusive


Access to physical stores has been impacted, even between lockdowns. With beauty shopping being as much about the experience as it
is about the purchase, the pandemic has significantly impacted how and what consumers are buying. In-store testers have been removed
and store closures and limited store capacity have significantly boosted online shopping (see Mintel’s Beauty Online: Inc Impact of
COVID-19 – UK, September 2020 Report).

This could give rise to a more inclusive shopping experience. Online retailers can offer curated homepages based on a shopper’s age,
gender or ethnicity, highlighting brands best suited to their demographic profile. They can also link to online magazines and influencers
which offer articles and advice that are tailored to specific demographics.

Online retailers can also cater their sites for people with different abilities. Haircare brand Alterna, for example, features a button on its site
enabling users to adjust settings for different abilities (see Advertising and Marketing Activity).

FIGURE 25: Beauty/grooming purchase behaviours since the start of the COVID-19/coronavirus outbreak, 11-22 June 2020

“Thinking about your beauty/grooming buying habits since the COVID-19/coronavirus outbreak, do the following statements apply to you?”

Base: 1,699 internet users aged 16+ who have bought BPC products since the last of the COVID-19/coronavirus outbreak

Source: Lightspeed/Mintel

If you want more details about this particular report, please contact the Mintel information team on +1 312-932-0400 in the U.S. or +44 (0)20-7606-6000 in
the UK and the rest of the world, or email them to info@mintel.com.

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05/03/2021 Diversity in Beauty - UK - February 2021 - Executive Summary

Diversity in Beauty - UK - February 2021


This report is supplied in accordance with Mintel's terms and conditions. © Mintel Group Ltd.

“The events of summer 2020, which saw the BLM movement gain momentum, have had reverberations across all industries and not just politics. In BPC, brands and retailers c
minority-owned brands and businesses, giving opportunities for well-known brands and retailers to offer a platform and support these smaller businesses.

As diversity is multifaceted, brands can innovate at lifestage rather than age to be more inclusive, particularly as the lines between age groups and genders continue to blur. Th
more inclusive shopping experience, altering the way homepages are shown to reflect the needs of the shopper.”

Impact of COVID-19 on BPC


Figure 1 provides an analysis of the impact of COVID-19 on the beauty and personal care category. It draws on Mintel’s expertise in the market, our COVID-19 consumer tracking stud

Areas highlighted in red are expected to be particularly hard hit, yellow reflects an expectation of significant but largely manageable disruption and green shows that we believe the ma

FIGURE 1: Short, medium and long-term impact of COVID-19 on BPC, 18 January 2021

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05/03/2021 Diversity in Beauty - UK - February 2021 - Executive Summary

Source: Mintel

The market

The rippling effects of the BLM movement

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05/03/2021 Diversity in Beauty - UK - February 2021 - Executive Summary
The BLM movement gained momentum in summer 2020, with an effect that rippled across all industries and not just politics, forcing beauty brands to think long and hard about their in

The @pullupforchange campaign highlighted the lack of representation within organisations. Many companies promised to do better, and high-profile shifts such as the rehiring of Mun

Companies and brands

Make beauty accessible for all abilities

NPD has seen brands innovate in ways to make beauty more accessible for people with different abilities, such as Guide Beauty launched in 2020 created by Terri Bryant after she wa

As BPC shoppers have moved online as a result of COVID-19, retailers can create a more inclusive online shopping experience. Haircare brand Alterna provides one example of how

Innovate by lifestage rather than age

Skincare has seen brands target products by lifestage rather than age in 2020, such as Indeed Laboratories’ Me-NO-Pause range designed for use during and after the menopause, a

The consumer

Shake it up from the inside out

When it comes to being inclusive, consumers are looking at both what a brand has to offer in its products as well as its advertising campaigns. However, the events of summer 2020 an

While inclusive campaigns and product ranges are important, they are not enough, and consumers are looking for reassurance that a beauty brand is driving diversity and inclusivity w

FIGURE 2: Definition of a diverse beauty brand, December 2020

“A diverse beauty brand is one that… Please select up to 3.”

Base: 1,982 internet users aged 16+

Source: Lightspeed/Mintel

Skin tone issues aren’t limited by ethnicity

Consumers struggle to find products suited to their skin tone regardless of their ethnicity. Indeed, skin tone is not defined into neat ethnicity groups; for example 45% of those describin

Innovating in products across the spectrum of skin/hair type, and showcasing examples from different ethnicities, can help consumers find products that are best suited to them. In-stor

FIGURE 3: Issues faced when purchasing BPC products, December 2020

“Which of the following issues do you have when buying beauty and grooming products? Please select all that apply.”

Base: 1,806 internet users aged 16+ who buy BPC products

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05/03/2021 Diversity in Beauty - UK - February 2021 - Executive Summary

Source: Lightspeed/Mintel

Time to take a stand

{
Beauty consumers are increasingly buying with their ethical considerations in mind, and the events of summer 2020 have bought racial issues firmly to the forefront even when buying

Where in the past staying silent and not causing offence was enough, looking forward brands that don’t take a stand on topical issues could risk losing followers – particularly amongst

FIGURE 4: BPC buying behaviours when it comes to issues relating to minority groups, December 2020

“Do the following statements about diversity in beauty and grooming apply to you?”
-7 How forreal Cen
Base: 1,806 internet users aged 16+ who buy BPC products
take a stand?

Source: Lightspeed/Mintel

Authenticity is essential

Consumers still feel that some groups are being let down by beauty brands, particularly men, those with disabilities and those with different body types. Authenticity is also an issue, w

Many brands increased their DEI efforts in 2020, putting in place long-term plans to drive diversity within their organisations as well as support minority-owned businesses; relaying this

The category can also do more to cater for groups that have traditionally felt ignored, such as innovating in the in-store environment to make it more inclusive. This can help drive auth

FIGURE 5: Attitudes towards diversity in BPC, December 2020

“Do you agree or disagree with the following statements about diversity in beauty and grooming?”

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05/03/2021 Diversity in Beauty - UK - February 2021 - Executive Summary
Base: 1,982 internet users aged 16+

Source: Lightspeed/Mintel

Well-known brands have space to grow

While well-known brands such as NIVEA and Dove score highly in a number of attributes, such as being authentic and age-positive, there is still space to grow. These brands score low

Despite L’Oréal Paris’ high-profile campaigns with older brand ambassadors or transgender models, the brand scores low for being gender-inclusive and sincere, suggesting room to e

FIGURE 6: BPC brand perceptions, December 2020

“Which of the following attributes do you associate with each of these brands? Please select all that apply per brand.”

Base: 1,806 internet users aged 16+ who buy BPC products

Source: Lightspeed/Mintel

If you want more details about this particular report, please contact the Mintel information team on +1 312-932-0400 in the U.S. or +44 (0)20-7606-6000 in the UK and the rest of the world, or email them t

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As L’Oreal is more considered into Making the World Beauty Universally for everyone
in this whole world.

INTRODUCTION
L’Oreal company was invented in (1907) by “Eugene Schueller” the young French
Chemist, who took a first move by creating the first hair dyes and started his sales by
selling them to the French hairdressers. This move made him focus and concentrate
on researching, starting for his investment to achieve the beauty for consumers and
to look forward with the name L’Oreal. L’Oreal is a listed company, as “Liliane
Bettencourt” and the Swiss food company “Nestle” are the founders as each of them
are controlling 30% (percent) of the shares.

In (1988-2000) the director and the chairman “Lindsay Owen-Jones” in (2006) started
the company with the cosmetic marketing. Therefore today L’Oreal is the 1st
Cosmetic group worldwide it has 27 International brands which is running globally in
almost 130 Countries with €20.3 Billion Euros with more than 68,900 Employees.
L’Oreal company has a setup of 5 key division and activities which is related with
L’Oreal LUXE, CONSUMER Products, PROFESSIONAL Products, ACTIVE Cosmetics and
The BODY SHOP. There are some products which contains the highest growth rates
like Lancôme, Giorgio Armani, Kiehl’s, Kerastase, Maybelline New York and La
Roche-Posay contains a range of exceptionally high quality products that are globally
recognized all over the world.

Therefore, this success accomplished under his leadership Sir “Lindsay” who have
recognized to help the consumers individually by desiring them or getting them to
be beautiful, his mission was to achieve to create the effective growth strategy for
their brands in order for companies success.

PESTEL Analysis
It stands for “Political, Economic, Social, Technological, Environmental and Legal
analysis”. It is a part of the external analysis when conducting a strategic analysis or
doing market research and gives a certain overview of the different macro
environmental factors that the company has to take into consideration.

Political factors The political challenges is that L’Oreal must try to change all the
political leadership styles in many different countries where they are operating it

[
with. Or how and to what degree a government intervenes in the economy.
Specifically, political factors include areas such as tax policy, labour law,
environmental law, trade restrictions, tariffs, and political stability. Political factors
may also include goods and services which the government wants to provide. Also,

futon to consider
L’Oreal is getting effected by the legislation for advertising (demerit goods or merit

what in politics ?
bads). L’Oreal is producing almost all the safe products which doesn’t contain any
harmful substance or any kind of effectiveness. Furthermore, governments have great
influence on the health, education, and infrastructure of a nation.

Economic factors include economic growth, interest rates, exchange rates and the
inflation rate in all the countries which they are operating in. For example in (2004),
L’Oreal was been affected by the continues weakness of the dollar and other
currencies. These factors have major impacts on how businesses operate and make
decisions. For example, interest rates affect a firm’s cost of capital and therefore to
what extent a business grows and expands. Exchange rates affect the costs of
exporting goods and the supply and price of imported goods in an economy.

Social factors Because L’Oreal’s business in exactly at the centre of the people all
over. It is closely involved in the life of the communities where they are located and it
also includes the cultural aspects and include health consciousness, population
growth rate, age distribution, career attitudes and emphasis on safety. Trends in
social factors affect the demand for a company’s products and how that company
operates.

Technological factors It includes the ecological and environmental aspects, such as


R&D activity, automation, technology incentives and the rate of technological
change. (Eugene Schelleur) who founded the scientist researches. L’Oreal has
embraced the technological innovation in many ways. They can determine barriers to
entry, minimum efficient production level and influence outsourcing decisions.
Furthermore, technological shifts can affect costs, quality, and lead to innovation.

Environmental factors The main factor includes weather, climate, and climate change,
which is especially affects the industries such as tourism, farming, and insurance.
Furthermore, growing awareness to climate change is affecting how companies
operate and the products they offer–it is both creating new markets and diminishing
or destroying existing ones.

Legal factors That include discrimination law, consumer law, antitrust law,
employment law, and health and safety law. These factors can affect how a company
operates, its costs, and the demand for its products.

PORTER FIVE FORCES


It exists with the intensity of the following Rivalries, Threat of Substitutes, Threat of
new competitors, Bargaining power of Suppliers, and Bargaining power of
Customers. It is essential to understand the many different risk and rewards of an
industry.
Bargaining Power of Suppliers (Internal)
Suppliers is the business that supply materials and other products into the industry .if
suppliers have a high range of bargaining power then the company gets less
attraction. It has a high power when many buyers and few dominators supply not
differentiated. High valued products (Switching cost Substitute products are
unavailable in the market place.

For Example: –

Raw Materials

Packaging

Point of Sales

Equipments

So that mean L’Oreal has many suppliers in producing their products. So therefore,
their bargaining power is low.

Bargaining Power of Customers (Internal)


When buyers are less sensitive to prices, prices can increase and buyers will still buy
the product. Inelastic demand positively affects L’Oreal Paris.

When there are large numbers of customers, no one customer tends to have
bargaining leverage. Limited bargaining leverage helps L’Oreal Paris.

There are multiple international and local brands available for the buyers to buy
from. The switching cost is also not high from one cosmetic brand to another
cosmetic brand although there is a factor of brand loyalty due to skin sensitivity. But
the overall factors are not so impactful that it restricts the buyers to a particular

[
brand so closely. The availability of the same quality brand with the same or even
competitive pricing has increased the bargaining power of the buyers. The cosmetic
companies have to keep in mind the bargaining power buyers while developing the
products and setting the prices for the products (Darabos, 2013).

.com high
in beauty
Are switching
in duty ?
Intensity of Existing Rivalry (External)
Government policies and regulations can dictate the level of competition within the
industry and will have a long term negative impact on this entity, which subtracts
from the entity value.

The competition in the global cosmetics industry is of the highest level because of
the strength of the competitors in the industry. The global cosmetics industry has
earned a revenue of 532 billion USD in 2017 which is expected to increase at the rate
of 7 percent between 2018 and 2024. The major international brands in the
cosmetics industry include L'Oreal, Maybelline, Dior, Chanel, Urban Decay, Lancome,
and Estee Lauder (Zion Market Research, 2019). L'Oreal is leading the market with the
highest market share due to its range of products and brand reliability. The other
brands also have international presence and acceptance which is the reason for fierce
rivalry in the global cosmetics industry. Although the competition is high but the
competition is not negatively impacting the current state due to the massive growth
of the industry. Despite increasing the number of companies, the number of buyers is
also increasing which is neutralizing the negative impact of high competition.

Bargaining Power of Suppliers

The suppliers have low bargaining power because the raw materials used in the
cosmetics industry are not rare and the suppliers are also available in abundance
which makes it easy for the companies to negotiate. Due to such massive growth and
sales of the cosmetics companies, the suppliers focus on giving the highest value to
get the contract of international brands. This value of the companies for the suppliers
in the cosmetics industry is the reason that the companies negotiate through a
dominant approach (Pereira de Carvalho & Barbieri, 2012). Therefore, the bargaining
power of the suppliers is low due to their high dependence on the companies.

Threat of Substitutes (External)


Threat for substitute products refer to produce in other industries. It exists when a
product demand is affected by the price change of a substitute product there are
number of chemicals in shampoo and other bath and body products which is
frightening.

As essentially, whatever toxics to put or use in your mouth toxics on your skin as well.
The skin and beauty care products have become a need and there is no chance that
the people would not be concerned about the beauty, skin, and personal care. This
need requires the beauty, skin, and personal care products in the industry which
keeps the threat of substitutes low. It is important to note that the way and products
have changed and evolved but the need for beauty care products is there and it will
remain there with radical or incremental innovations in the products

Threat of New Competitors (External)


The important entry is for the Barriers quality, pricing and marketing which can
overcome with the barriers in many different ways. Also new firms sometimes is easy
to enter the industries because of high-quality products, lower price and substantial
marketing resources. L’Oreal’s main competitors are the cover girls, Avon, Revlon etc.

The main Threats for L’Oreal is their products are luxuries which could be hurt by an
economic downturn however they are able to be global and act locally. Also it may
affect their distribution system.

The hurdles for the new entrants in the cosmetics industry are there but some of
them are negated due to the exceptional growth of the cosmetics industry. The
expertise is requiring to manufacture the cosmetics products and the testing of the
different products is a complex process requiring skills and capital. The issue of
banning animal testing in the cosmetics industry has further intensified the
complexity of the operations in the cosmetics industry which is a hurdle for the new
entrants. The fast market growth neutralizes the negative intensity of the hurdles
which is the reason that the threat of new entrants in the global cosmetics industry is
moderate (Ulubeyli, 2017).

VIRIN Analysis
It stands for ” Valuable, Rare, Inimitable and Non-substitutable”

L’Oreal corporate reputation is a type of retailing which enables a brand “KIELHS and
THE BODY SHOP” which are the free standing store and developing. This is an
invaluable way of getting the consumers by measuring the success of products and
advertising them in a real time.

In L’Oreal rare is an auto regenerating flower which is known as Haberlea


Rhodopensis which is global anti ageing skincare that produces to protect and
revitalise the skin.
SWOT Analysis
The word SWOT is an acronym meaning: –

S – Strengths

W – Weakness

O – Opportunities

T – Threats
The main act of SWOT analysis is that

The importance of performing a SWOT analysis is that, no business should take a


high risk strategy if there are any significant weaknesses foreseen. Performing a
SWOT analysis may consider in,

What are the weak/strong products, divisions, attitudes etc.?

Are there any gaps/opportunities?

Are we strong in the right way to exploit the opportunity?

Considering the above facts a SWOT analysis has taken place to mark the right
opportunity.

Strengths:
Generally high profit margins

Well known worldwide

High R&D skills in Headquarters

Product Innovation

Consistent quality

Workplace safety and environmental concern (image)

Local product production and loyal customers


Online growth

Weakness:
Bad communication

High Failure rate of new cosmetics

Low profit margins may be subject to seasonal variations such as (Valentines,


Mothers Day and Christmas).

Opportunities:
Acquisitions natural product awareness.

High quality products will become prevalent.

Financial markets (raise money through debt, etc)

Emerging new market segments and expansion abroad.

Product and services expansion

Asian, African and South American markets are growing.

Threats:
High competition from foreign brands.

Low cost of switching may encourage consumers to trail new products.

Economic downturn has a result in the reduction of spending on luxury goods.

Conclusion
Based on this analysis L’Oreal is trying to focus on the photonics to enhance the
cosmetics colours, with the shop shelves where there are trying to show the world as
the first cosmetic. L’Oreal sales margin in yearly bases is more than 4.6 billion
individually as ever purchase of any consumers choice product like ( beauty salon ).
This is the main reason why the consumer are satisfied and look forward to their
products. L’πOreal seems to give it competitive advantage over its rivals. They are a
dominant player in the market and probably the leading seller of the beauty
products. They also have many opportunities to open them and they should also
take advantage of their strengths in the market they operate with.
& Personal Core
Beauty
-

Understand the of
meaning
Diversity .

How can we utilise Cound-

19
to our
advantage ?
How older /
segment transgender Can be
tapped? -7 Loreal Campaign
wht changes to be done in

online / old line selling model


post covid?

How to appeal to price conscious


consumers 7
How to make them feel that
premium brand B offered to them7
How brand could take stand? a

How to represent
the store ?
aged women in

How foreal Cen


forget people with
physical disability I undergoing
chemo / transition?
gender
Are there high or low cost for
7 switching
heavy products
Category -7
Grimy I shrinking 7
fast 5 year profits
Whah bind makes most
Morey ?
How to rent is different per consumers 9
Is foreal innovator or follower7
Get details of pricing .
Online vs other sales
by ore 9
Most
advantageous customer
group
prodiet
from que
cute
guy trends -7 Ekstra)
How regulatory environment adDeck
business ?
What tactics are aged
by competitor in
price war,
advertising ,
new
products
Are our customers loyal 9
What consumer trends affect this market7

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