The Beauty Industry and How It Sees Quality and Charging for It

Author: mbc at 27-03-2012, 08:56, Views: 10

Americans are spending less on travel, they're driving less, they're eating less food to save money – all for what? Well, one answer could be, that they are using the money to prop the beauty industry up. Sales are up 5% since last year. Would you believe that the beauty industry in America is bigger than American foreign car sales? Here's a little interesting insight into this though – all those lotions and potions you throw on your face like spackle – are barely checked by any authorities.

Whatever claims there are on the box, even if they are outright lies, go unchallenged. Because there is practically no one to catch them out. The beauty industry is almost entirely unregulated. There's an independent panel of experts that takes a look at every individual chemical used in the cosmetics you buy. Whether the whole cocktail of stuff used in any actual products on the shelves is safe or if it actually works – that's your own bother.

Category: Business » Venture Capital