Kylie Cosmetics owner makes a harsh decision
The CEO says the brand must 'adapt and evolve.'
As an industry that generated $570 billion in worldwide revenue in 2024 and is growing by leaps and bounds, one thing's for sure: there's no shortage of customer interest in beauty and personal care.
Not only is the industry doing well, but it's on track to get even bigger. The beauty industry is forecasted to grow by 8.4% per year through 2028, according to Euromonitor International.