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The Moodie Davitt eZine: The world’s leading travel retailers – Preview Edition

INTERNATIONAL. Welcome to The Moodie Davitt eZine, Travel Retail’s LookBook.

Our annual Top Travel Retailers report is always eagerly anticipated, and especially so after a year of recovery in many regions in 2022. In this issue we preview the top five – the full report will appear in our July/August Magazine in coming days – with China Duty Free Group once more the global number one measured by retail turnover.

Dufry Group was among the big international players that surged back last year, buoyed by travel recovery across its core markets, resuming its position as number two. Lotte Duty Free, Lagardère Travel Retail and The Shilla Duty Free make up our top five. The full rankings with commentary will appear shortly.

Also in this edition we feature more details and comment from Lotte Duty Free’s landmark Grand Opening at Melbourne Airport, where we paid a visit on 13 July.

You will find our latest Through the Red Door and High Flyers columns, in association with Elizabeth Arden and ARI respectively, and our choice of recent highlight launches, campaigns and openings from across the world of travel retail.

Please enjoy this edition with our compliments. ✈

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Increasing Introduction of Duty-free Campaigns to Boost the Market for Top Travel Retail Companies

February 01, 2023 | Consumer Goods

The travel retail industry revolves around cruise ships, airport duty-free shops, and airlines. The industry is made up of four primary channels, each of which is completely unique. Each channel has a different passenger profile, consumer behavior, and business dynamics.

Fortune Business Insights stated that the global market size for travel retail was valued at USD 51.28 billion in 2021. The global market is projected to grow from USD 55.74 billion in 2022 to USD 96.11 billion by 2029, exhibiting a CAGR of 8.1% during the forecast period.

Below mentioned are the four types of travel retail platforms:

•   Airport

Airports across the world have stores in the terminals for arrivals and departures, allowing passengers to shop while on the go. In terms of sales and the number of passengers, it is the largest channel in the travel retail sector and the key growth engine for the sector.

•   Aircraft

Pre-ordered or in-flight purchases of goods are possible during flights, and both digital entertainment options and paper catalogs are accessible. It is a channel that commands the full attention of passengers yet necessitates carefully chosen strategic merchandise and meticulous attention to detail to ensure success.

• Cruise Ship

Cruise ship allows for possibilities for shopping at sea while moving between ports globally, allowing passengers to utilize the long transit time to repeatedly explore travel retail offerings. Cruise ships offer the market a rapid growth trajectory, particularly as young passengers have an inclination to become more popular.

• Downtown Duty-free

It offers opportunities for shopping that let visitors from other countries buy tax-free goods right away or reserve them to pick up after customs at the airport. It is a channel that focuses on the rapidly expanding trend of duty-free shopping outside of the typical channels, particularly in the Asia Pacific region.

Below mentioned are the top 10 travel retail companies around the world:

1. Lagardère Group

Lagardère Group is an international group headquartered in Paris, France, with operations in more than 40 countries worldwide. The group started functioning in 1852. The company houses Burberry, Gucci, Hermes, and Victoria's Secret products and adopts various strategies such as acquisitions and partnerships to grow its sales.

2. LVMH (DFS Group Ltd)

DFS is a luxury travel retailer established in 1960 and headquartered in Hong Kong. It offers a broad spectrum of product categories, including wines & spirits, perfume & cosmetics, and fashion accessories. These companies target international travelers in Europe, the Americas, Asia, and the Middle East.

The company has around 400 boutiques spread over 13 countries offering high-end products.

3. Dufry AG

Dufry is a Swiss-based travel retail company established in 1865. It operates more than 2,300 duty-paid, duty-free shops and convenience stores in cruise lines, seaports, railway stations, airports, and central tourist areas worldwide. The company is headquartered in Basel, Switzerland and employs approximately 36,000 individuals worldwide.

4. King Power International Group 

King Power International Group is a Thai company based in Bangkok and established in 1989. The group has three primary duty-free operations in Thailand. It operates through four business units, travel-retail, hotel, travel and sports-related.

The group provides duty-free beauty & cosmetics, fashion, and electronic products for travelers in its retail stores. It mainly focuses on competitive strategies such as collaborations and joint ventures with various luxury brands to generate higher revenue.

5. DAA (Aer Rianta International)

Aer Rianta International, headquartered in Dublin and established in 1988, is one of the significant players in the global market. The company manages and owns duty-free retail outlets in Europe, the Middle East, Asia Pacific, and the Americas.

6. Delhi Duty-Free Services Pvt. Ltd.

Delhi Duty-Free Services Pvt. Ltd is a joint venture between Delhi International Airport Limited, Yalorvin Limited, and GMR Airports Ltd. The company's flagship store is at Delhi International Airport. It also has 11 stores that offer products such as watches & jewelry, toiletries & cosmetics, apparel, liquor, and tobacco products. The group focuses on introducing novel products at its flagship stores.

7. Lotte Duty-Free

Lotte Duty-Free is one of Korea's leading duty-free operators, established in 1980. The brand has its presence in 19 locations across 7 countries. Lotte Duty-Free also has an online presence that is accessible from any place. The company provides 1,613 brands as of 2019 and is expanding globally to reach more travelers worldwide.

8. Gebr Heinemann SE & Co. KG

Gebr Heinemann SE & Co. KG is a German travel retailer established in 1879. The company operates duty-free shops, fashion-label boutiques at international airports along with stores on board cruise ships and border crossings. The group provides perfumes & cosmetics, confectionery, wine & spirits, fashion & accessories, watches & jewelry, and tobacco products.

9. China Duty-Free Group Co. Ltd.

Established in 1984, China Duty-Free Group is a state-owned organization that operates duty-free businesses across China. It works in 90 cities across 30 provinces of China and has over 200 retail stores. The company strongly focuses on launching new stores and introducing innovative products.

In December 2021, the company launched its first flagship store, CDF Macau Grand Lisboa Palace Shop, in Macau, China. The store offers over 170 brands of fashion, watches, accessories, cosmetic products, jewelry, perfumes, culinary delights, wines, and souvenirs.

10. Abu Dhabi Duty-Free

Established in 1984, Abu Dhabi Duty-Free operates and manages retail, food & beverage, and service operations in the airport's facilities. The group offers an array of duty-free products, high-street stores, luxury boutiques, and theme-based dining outlets. Abu Dhabi Duty-Free's product categories include beauty, fragrances, watches, toys, food, and souvenirs. The company aims to open new stores in airports and cruises to promote its brands.

Duty-free Campaigns are Regularly Offered by Retailers to Increase Product Demand

Nowadays, leading businesses use marketing campaigns to entice customers to purchase duty-free goods. For the higher-income airport traveler groups, businesses also consistently offer high-quality, privately labeled goods and services. The product sales at the airport's retail stores are expected to be aided by the above-mentioned factors.

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• Leading global travel retailers in 2022, based on turnover

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August 2023

The source also states that the figures are based on currency values converted at December 31, 2022 rates to a single currency, namely the Euro. Figures exclude food and beverage sales.

Other statistics on the topic Duty free and travel retail industry

• Global air traffic - scheduled passengers 2004-2022
• Turnover of DFS worldwide 2013-2022

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• World: duty free and travel retail sales 2010-2022
• Airports with the most international air passenger traffic worldwide 2022

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Statistics on " Duty free and travel retail industry worldwide "

• Global travel retail sales 2022, by region
• Duty free shop customer conversion rate worldwide 2017-2022
• Avolta: revenue worldwide 2013-2023
• Lotte Duty Free: global revenue 2013-2022
• Turnover of The Shilla Duty Free worldwide 2013-2022
• China Duty Free Group's global turnover from 2013 to 2022
• Lagardère Travel Retail: sales worldwide 2014-2022
• Changi Airport: concession sales 2017/18 to 2022/23
• Los Angeles World Airports: duty free operating revenue 2016-2022
• Revenue of HK International Airport 2023, by segment
• Offshore duty-free sales value in Hainan, China 2012-2022
• Sydney Airport revenue 2022, by type
• UK: retail revenue of the Heathrow Airport Ltd. in 2022, by category
• Revenue of Schiphol Group in the Netherlands by business area 2022
• Duty-free shoppers average spend by category worldwide 2022
• Duty-free shoppers conversion rate by category worldwide 2022
• Duty-free shoppers average spend worldwide by age 2022-Q1 2023
• Share of wallet duty free purchases worldwide Q2 2023
• Leading categories duty free shoppers traveling with children visit 2023

Other statistics that may interest you Duty free and travel retail industry worldwide

• Premium Statistic Airports with the most international air passenger traffic worldwide 2022
• Premium Statistic Global air traffic - scheduled passengers 2004-2022
• Premium Statistic World: duty free and travel retail sales 2010-2022
• Premium Statistic Global travel retail sales 2022, by region
• Premium Statistic Duty free shop customer conversion rate worldwide 2017-2022

Leading travel retailers

• Premium Statistic Leading global travel retailers in 2022, based on turnover
• Basic Statistic Avolta: revenue worldwide 2013-2023
• Premium Statistic Lotte Duty Free: global revenue 2013-2022
• Premium Statistic Turnover of The Shilla Duty Free worldwide 2013-2022
• Premium Statistic China Duty Free Group's global turnover from 2013 to 2022
• Premium Statistic Lagardère Travel Retail: sales worldwide 2014-2022
• Premium Statistic Turnover of DFS worldwide 2013-2022

Retail revenues of leading airports

• Premium Statistic Changi Airport: concession sales 2017/18 to 2022/23
• Premium Statistic Los Angeles World Airports: duty free operating revenue 2016-2022
• Premium Statistic Revenue of HK International Airport 2023, by segment
• Premium Statistic Offshore duty-free sales value in Hainan, China 2012-2022
• Premium Statistic Sydney Airport revenue 2022, by type
• Premium Statistic UK: retail revenue of the Heathrow Airport Ltd. in 2022, by category
• Premium Statistic Revenue of Schiphol Group in the Netherlands by business area 2022

Consumer behavior

• Premium Statistic Duty-free shoppers average spend by category worldwide 2022
• Premium Statistic Duty-free shoppers conversion rate by category worldwide 2022
• Premium Statistic Duty-free shoppers average spend worldwide by age 2022-Q1 2023
• Premium Statistic Share of wallet duty free purchases worldwide Q2 2023
• Premium Statistic Leading categories duty free shoppers traveling with children visit 2023

Further related statistics

• Basic Statistic Turnover of Gebr. Heinemann worldwide 2013-2022
• Basic Statistic Group turnover share of Gebr. Heinemann worldwide 2020, by category
• Premium Statistic Index of retail space per thousand airport passengers in 2018/2019, by region
• Premium Statistic Index of duty free sales per departing passenger in airports 2018/2019
• Premium Statistic Breakdown of the global travel retail industry market share 2018, by category
• Basic Statistic Group turnover share of Gebr. Heinemann worldwide 2022, by source
• Premium Statistic Global travel retail sales share in 2018, by distribution channel
• Premium Statistic Consumer satisfaction with duty free shops in Europe Q1 2017-Q2 2019
• Premium Statistic Turnover of World Duty Free Group worldwide 2013-2014
• Premium Statistic Lagardère Travel Retail: revenue worldwide 2013-2022
• Premium Statistic Market share of the leading duty free and travel retail companies worldwide 2016
• Premium Statistic Airport retail industry market share worldwide 2014, by company
• Basic Statistic Avolta: net sales worldwide in 2023, by product category
• Premium Statistic Leading global duty free operators 2015, based on departing international passengers
• Basic Statistic Dufry: number of employees worldwide 2016-2022
• Premium Statistic Duty free sales of souvenirs in Canada 2016, by distribution channel
• Premium Statistic Duty free and travel retail sales in China 2017, by channel
• Basic Statistic Duty free sales at land borders in Canada 2017, by category
• Premium Statistic Duty free and travel retail sales growth rate in China 2017, by channel
• Premium Statistic Tax free sales share in Europe 2017, by country

Further Content: You might find this interesting as well

• Turnover of Gebr. Heinemann worldwide 2013-2022
• Group turnover share of Gebr. Heinemann worldwide 2020, by category
• Index of retail space per thousand airport passengers in 2018/2019, by region
• Index of duty free sales per departing passenger in airports 2018/2019
• Breakdown of the global travel retail industry market share 2018, by category
• Group turnover share of Gebr. Heinemann worldwide 2022, by source
• Global travel retail sales share in 2018, by distribution channel
• Consumer satisfaction with duty free shops in Europe Q1 2017-Q2 2019
• Turnover of World Duty Free Group worldwide 2013-2014
• Lagardère Travel Retail: revenue worldwide 2013-2022
• Market share of the leading duty free and travel retail companies worldwide 2016
• Airport retail industry market share worldwide 2014, by company
• Avolta: net sales worldwide in 2023, by product category
• Leading global duty free operators 2015, based on departing international passengers
• Dufry: number of employees worldwide 2016-2022
• Duty free sales of souvenirs in Canada 2016, by distribution channel
• Duty free and travel retail sales in China 2017, by channel
• Duty free sales at land borders in Canada 2017, by category
• Duty free and travel retail sales growth rate in China 2017, by channel
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2022 Global Travel Retail Awards: Everything you need to know

By Faye Bartle | Wednesday, 21 September 2022 12:29

As the 2022 Travel Retail Awards takes place in less than two weeks, TRBusiness and m1nd-set provide this special preview for the upcoming event, including a detailed explanation of the judging process by Peter Mohn, Owner and CEO of m1nd-set.

We also share what’s new for the 2022 edition and why this a particularly special year for the Travel Retail Awards and its organisers. 

There are an impressive 164 finalists across 19 categories in this year’s consumer-voted Global Travel Retail Awards that are taking place on Monday 3 October from 7pm until late at Hotel Barrière Le Majestic Cannes, during the TFWA World Exhibition & Conference.

You can view the full list of finalists here .

A huge amount of work takes place behind the scenes to bring the annual awards to fruition. Each and every entry has been judged by a panel of 2,000 consumers who have travelled internationally in the past six months.

The consumers are sourced from m1nd-set’s qualified database of several thousand international travelling consumers, through interviews conducted on-location at airports around the globe.

The quantitative scores from the consumer panel account for 80% of the score for each nomination, while the remaining 20% of the score is assessed from the qualitative judging process, which involves a panel of international travelling bloggers and vloggers who are leading influencers in travel and consumer goods.

They have the added benefit of being able to touch, feel, taste, smell and handle all the products as part of the judging process.

Peter Mohn, Owner and CEO of m1nd-set on stage at the Global Travel Retail Awards in 2021.

We asked Peter Mohn, Owner and CEO of m1nd-set to explain more about the process, including how the votes are cast, how the data is analysed and why consumer feedback is relayed to all the entrants.

The Global Travel Retail Awards is the duty free and travel retail industry’s only consumer-voted, multi-category awards programme – how did the idea first come about?

Peter Mohn: The TRBusiness team approached m1nd-set around five years ago and we discussed how the industry needs awards based on what the end-consumer likes. We at m1nd-set of course strongly believe the whole industry should focus much more on consumer needs, so we were happy to team up with TRBusiness to make this new approach happen.

How does being consumer-voted make the awards stand out?

It’s absolutely non-biased and objective and based on a representative sample of travellers and shoppers.

The Travel Retail Awards trophies.

Can you tell us a bit more about how the judging is carried out?

The companies listing their products provide us with several pictures and a detailed description of each product, so our 2,000 panellists can evaluate online each individual product based on all relevant information. It is a time and cost-efficient approach and it covers travellers from all over the world, so the questionnaire is translated into the 10 main languages. The research is carried out around two- to three-months before the awards, so usually in July and August every year.

How was the split between the consumer panel and the international travelling bloggers and vloggers decided upon and how do you think this enhances the awards?

I think it is a perfect mix of qualitative insights from people who can actually feel and touch the products, and then also having a large representation of travellers through our panel.

The number of finalists in each category is not capped at a set amount – can you explain the reasons for this?

A brand or an airport becomes a finalist if it surpasses a certain average score given by the representative sample of travellers. It is a score which is defined by m1nd-set based on the hundreds of thousands of interviews we have conducted with travellers in the past 15 years across all categories and all regions of the world.

A new Highly Recommended accolade has been introduced this year for entries that meet the upper scoring benchmark – can you give us some insight into this?

This is a result of the data analysis in the past years, where we realised some brands or airports receive extraordinary high scores due to their excellent performance, but they might still not be a winner because one other brand or airport might be performing better. So as a consequence, we thought it would be fair to add this category.

There will also be an overall awards winner to be revealed on the night within both the product and airport categories – how are these winners identified?

It is very simple: the winners are the products and the airports with the highest scores received from the travellers.

All those who enter receive a detailed consumer feedback report from m1nd-set, which highlights the key strengths and weaknesses from the consumer’s perspective – can you explain the value of this as you see it?

For many brands this is a key reason to participate, and it has become very useful for them. I remember a brand who came second one year and they told us they took action on their two biggest weaknesses and the year after they won. How perfect is that?

The TRBusiness and m1nd-set team at the Travel Retail Awards in 2021.

A milestone year for TRBusiness

The Global Travel Retail Awards, now in its fifth year, is set to be especially memorable as the event also marks the 25th anniversary of TRBusiness.

“When we launched the Travel Retail Awards five years ago, our driving goal was to offer well-deserved recognition to the suppliers, airports, airlines, cruise companies and other travel retail and duty free stakeholders that have earned the seal of approval from the industry’s ultimate customers: travelling consumers,” said Nigel Hardy and Janice Hook, Owners and Joint Managing Directors of TRBusiness.

“Making the awards entirely consumer-voted provides valuable insight into the minds of travelling consumers. The detailed feedback that is given to all of the entrants means that the awards are of value to all those who take part – not just the winners.

Nigel Hardy and Janice Hook, Owners and Joint Managing Directors of TRBusiness.

“This year is extra special as all ticket holders will also be able to join us in celebrating the 25th anniversary of TRBusiness. We are looking forward to raising a toast with you at the after party, as the live band plays until late.

“Thank you to all those who have supported us through a quarter of a century of delivering first-class news and analysis of the duty free and travel retail industry  – you can read more about our milestone moments in our October issue, which will be available as a e-zine as well as in print from the magazine stands as you enter the Palais during the TFWA World Exhibition and Conference in Cannes.”

Tickets are available for £300 per person (including 20% VAT) or £2,700 (inc. 20% VAT) for tables of 10. Tickets include the drinks reception, three-course premium dinner, the Travel Retail Awards ceremony, the TRBusiness 25th anniversary after party with live band and the attendee gift bag.

To find out more, visit the dedicated website travelretailawards.com .

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Year in Review: The events that shaped travel retail in 2022

By Chris Madden in Airports , Asia/Pacific , Cosmetics , Cruiselines and Ferries , Downtown , Europe , F&B , Fashion & Leathergoods , Food & Confectionery , Fragrance , Gifts & Electronics , Global , Inflight , Jewellery & Watches , Land Border Stores , Latest News , Latin America & Caribbean , Lead Stories , Liquor & Wines , Middle East & Africa , North America , Online and preorder , People & Planet , Regions , Research , Retail News , Supply & distribution , TFWA , Tobacco & New Gen , Travel essentials & convenience December 30, 2022 Comments Off on Year in Review: The events that shaped travel retail in 2022

Although 2022 got off to a slow start with the outbreak of the Omicron variant of Covid-19, travel retail saw activity pickup in spring through to the end of the year. Retailers jumped back into profitability, airports, airlines, cruiseships and borders saw an increasing number of people travelling and new store openings and new product development moved apace. Here are our highlights from 2022…

Aena tender: a once in a decade opportunity

January: Spanish airports operator  Aena  announced the competition for the “world’s largest duty free tender” would start this year. The tender, launching at the end of 2022, is worth an enormous €18m. The business includes over 85 duty-free outlets occupying over 55,000 sqm, the equivalent of more than seven football pitches.  The current contract with Dufry is valid until 31 October 2023.

Later in the year, the airport operator gathered the world’s leading international duty-free shop operators during the TFWA World Exhibition in Cannes to present details. The aims of the tender are to maximise the value of this business line, attract the highest number of international operators to bid for the different lots, diversify the business, adapt to the changes in trends that are occurring in both the type of passengers and in the model, and incorporate and promote the development and implementation of new technologies. Aena’s Commercial and Real Estate Managing Director, María José Cuenda  described the tender as “this unique opportunity that comes along once every decade or so” and that will allow operators from all over the world to provide services at the airports in Aena’s Spanish network.

January: Asian cruise pioneer Genting HK files bankruptcy; Crystal Cruises subsidiary suspends voyages

Asia’s largest operator of sea cruises and owner of  Dream Cruise Holding, Star Cruises and Crystal Cruises, Genting Hong Kong filed for bankruptcy, abandoning the build of Global Dream , a megaship destined for the Chinese market.  LVMH Moët Hennessy Louis Vuitton-owned travel retail sister companies Starboard Cruise Services  and  DFS Group had plans with Genting to launch the first-ever T Galleria by DFS stores at sea.

Genting bought three shipyards in Germany in 2016, collectively known as “MV Werften”, to build cruise ships up to 200,000 gross tons for its three cruise brands, following the purchase of Lloyd Werft the previous year which specializes in building Megayachts and other newbuilds.

Starboard Cruise Services  is currently the retail concessionaire onboard Dream Cruises and Crystal Cruises. The mega ship was snapped up by Disney Cruise Lines later in the year.

February: Dag Rasmussen: Lagardère Travel Retail delivers beyond expectations

Lagardère Group announced its full-year 2021 results, hailing its travel retail division’s ” operational excellence in a volatile environment”.  Lagardère Travel Retail ’s revenue came in at €2.29bn for full-year 2021.

Dag Rasmussen, Chairman & CEO of Lagardère Travel Retail , said: “Unsurprisingly, Covid-19 has continued to hamper our financial performance, with a total consolidated revenue of €2,290m, down 46% on 2019. However, despite challenging circumstances, we have been able to mobilise our greatest strengths to deliver beyond expectations.”

The result story was by far the most read post on DFNIonline and DFNI’s LinkedIn page in the year so far.

February: CDFG plants stake in APAC cruise market with second Carnival ship

CDF Cruise Services , a subsidiary of  China Duty Free Group  has won the rights to operate the duty-free shop onboard a second vessel owned by CSSC Carnival Cruise Shipping (CSSC Carnival), a joint venture between  China State Shipbuilding Corporation  and  Carnival Corp  launched in 2018.

CDF Cruise Services will operate a three-year exclusive duty-free contract onboard Costa Mediterranea. The contract marks CDF Cruise Services’ second win in an international bidding contest from CSSC Carnival, and significantly expands CDF Cruise Services’ scale of business in the Asia Pacific cruise market. As DFNI reported back in 2018, CDFG won the tender to operate retail on also owned by CSSC Carnival Cruise Shipping.

Costa Mediterranea  has a capacity of 2,680 passengers and intends to start sailing from China by the end of 2022. Its duty-free shop area is expected to expand to 600sqm.

March: Lagardere and Geneva Airport unveil ‘world first’ eco-responsible store

Lagardère Travel Retail has underlined its ambition to play a leading role in creating a more sustainable future for travel retail with the opening of the first ever eco-responsible Aelia Duty Free store in partnership with Geneva International Airport .

The outlet, located in the airport’s new East Wing, features a more environmentally aware and sustainable approach to use of materials. The open sense of place area features two gondolas, one dedicated to local products and the other with a dedicated brand offer currently showcasing stationery brand Caran D’Ache .

This speaks to a conscious effort from Lagardère to provide shoppers with products which offer strong ethical and environmental credentials, in line with the latest demand from shoppers.

May: TFWA celebrates successful Asia Pacific Live event

The Tax Free World Association ( TFWA ) is celebrating the success of its recent TFWA Asia Pacific Live event that took place from 9-11 May in Singapore, attracting 667 delegates from 225 companies. The Asia Pacific duty free and travel retail industry reunited for the event after three years at the Marina Bay Sands Expo & Convention Centre to network with industry peers and participate in workshops. Attending were 261 representatives from 43 buyers and landlords, 100 representatives from 56 agents, and 206 delegates from 83 brands, alongside a range of industry colleagues, partners and representatives from the press.

June: DFNI hosts first Diversity Webinar, with Mondelez WTR

DFNI hosted the travel retail industry’s first webinar focused on gender equality. The DFNI Diversity Webinar took place in partnership with Mondelez World Travel Retail and supported by Women in Travel Retail . The event opened with the results of the first ever DFNI Global Travel Retail Gender Diversity Survey , which took a snapshot of the latest perception of, and efforts towards, gender equality in the travel retail industry. Discussions followed with expert input from Beatriz de Otto, Head of Customer Marketing, Mondelez World Travel Retail; Michael Marcano, Vice President/General Manager, ADF/Aveda/Lab Series/Origins, Travel Retail Worldwide, The Estée Lauder Companies; Caroline Buisson, Women in Travel Retail Representative Southern Europe & Global Account Manager Dufry and GTR West Europe, Brown-Forman; Rob Marriott, CEO, ARI Middle East and Helen Wong, Commercial Director, Edrington Global Travel Retail .

July: “Trusted, transparent, secure”: DFWC and TFWA join forces to fight illicit trade

The Duty Free World Council ( DFWC ) and the Tax Free World Association (TFWA) joined forces in the fight against illicit trade, counterfeiting and intellectual property theft across duty free and travel retail. Together, the parties launched the global campaign “ Duty Free: Trusted, Transparent, Secure ” to highlight the industry’s stance against, and dangers of, the illicit trade in counterfeit goods, and urge governments to do more, and to collaborate with the industry in fighting this activity.

Counterfeiting, intellectual property theft and illicit trade are a growing concern for industries across the world, and the duty- and tax-free industry, like many other industries, loses millions every year in lost sales opportunities because of these criminal activities. DFWC President Sarah Branquinho  highlighted the industry’s “zero-tolerance approach to these issues. The organisations stressed that the duty- and tax-free channel is one of the most trusted, transparent, secure and legitimate supply chains in the world and products sold in travel retail shops are authentic, genuine and traceable.

July: Dufry and Autogrill create new travel retail entity

Dufry and Autogrill have joined forces to create a travel retail entity with a new global platform generating value for consumers and shareholders. The enlarged group will focus on enriching the passenger journey based on experience and innovation with more integrated and digitalized offerings across travel retail & F&B. providing landlords, airport partners and brands with an enhanced service portfolio. The combined entity will address 2.3 billion passengers in more than 75 countries in around 5,500 outlets across around 1,200 airport and other locations with CHF 13.6 billion revenue and CHF 1.4 billion EBITDA.

Dufry shareholders will benefit from EFCF per share accretion in the first year post-closing, based on cost synergies with annual run-rate of approximately CHF 85 million. It strengthens Dufry’s presence in the US market, while adding opportunities in APAC, Latin America, the Middle East and Africa .The combination brings together two groups of skill sets and Dufry CEO Xavier Rossinyol will lead the combined group as CEO.

July: Lagardère Travel Retail and Groupe ADP launch Extime joint venture

Lagardère Travel Retail retained its Duty Free & Retail contract for Paris-Charles de Gaulle and Paris-Orly airports as the company formed a new joint venture with Groupe ADP. Together, the partners launched a new hospitality and retail brand, Extime Duty Free Paris .

Extime Duty Free Paris operates around 140 beauty, gourmet, technical and fashion outlets.

“Paris airports are the first and last image many travelers have of Paris, and of France. Under the new and ambitious Extime brand, we look forward to continuing our partnership with the Groupe ADP’s teams to offer travellers unforgettable shopping experiences and to bring the best of Paris and France to them, in terms of culture and know-how,” said  Arnaud Lagardère, Chairman and CEO, Lagardère SA .

TFWA President Erik Juul Mortensen hailed the new joint venture between as a highlight this year that “will create opportunities to cross-sell and provide new services for travellers”.

August: DFNI Database reveals GTR sales in 2021 reach US$55.33bn

Data revealed in the DFNI Travel Retail Industry Database & Insights 2022/23  (the ‘DFNI Database’) showed that 2021 marked a welcome return to growth for the global duty-free market with total sales reaching US$55.33bn – a 21.6% year-on-year (yoy) increase on 2020. Based on latest  Generation Research data and figures compiled by DFNI, rankings of the top global travel retailers by revenue revealed that China Duty Free Group (CDFG) has fortified its position in first place. The Chinese powerhouse boosted sales by 37% year-on-year from 2020 to claim a near 19% share of the global duty-free market. Bolstered by sales on the offshore island of Hainan, CDFG closed 2021 with US$10.49bn in turnover.

September: Harding expands partnership with Carnival Cruise Line

Harding  announced that it had become Carnival Cruise Line’s single biggest retail partner, as the company added five additional Carnival ships to its retail portfolio. Harding now operates across 13 Carnival ships, amounting to more than half of the Carnival fleet. The new ships include Carnival Mardi Gras, Carnival Spirit and Carnival Liberty where retail was previously operated by Heinemann Americas .

Key to the partnership – and to a new commercial model – was the significant data and insight programme that Harding has developed over the past five years, stated the cruise retailer. The programme allows the retailer to pinpoint the correct customer proposition, level of innovation and commercial model for Carnival’s specific needs.

September: ‘Destination 2027’: Dufry presents new strategy

Xavier Rossinyol , the new CEO of Dufry since May 22 when he took over from Julian Diaz , revealed the travel retail giant’s new growth strategy ‘Destination 2027’ at its Capital Markets Day in London. The new strategy is focused on four pillars to cater to the needs of changing market conditions. They are: the evolution of the travel experience via new formats such as hybrid concepts; geographical diversification with a focus on Asia Pacific; operational improvement to fuel profitability; and a major commitment to ESG.

Said Rossinyol: “The new company strategy has been crafted based on a deep understanding of our stakeholders’ needs, customer insights and the current market trends evolution. As a team, we are in a position to generate sustainable long-term value for all our stakeholders, including employees, landlords, brand partners, and, finally, our shareholders.”

October: ASUTIL to return

In surprise news for the industry, the association for the South American duty free industry ASUTIL revealed its annual conference will be returning as an in-person event in 2023 for the first time in five years. The event will take place on 7 and 8 June at the Hotel Hilton in Puerto Madero, Buenos Aires, Argentina and will be managed by TFWA.

During a press briefing in Cannes in October, Secretary General José Luis Donagaray said the event “will be back with the familiar format blending excellent learning with outstanding networking, culminating with the customary fabulous party. This is indeed very much the right partnership at the right time and in the right place and we will certainly be striving to be the best possible hosts for this event”.

October: Former Dufry CEO Julian Diaz receives Frontier Lifetime Achievement Award

Former Chief Executive Officer of Dufry Group, Julian Diaz , received a Lifetime Achievement Award at the 39th annual Frontier Awards  held in Cannes in October. Diaz, who was CEO of the travel retailing giant from 2004 to 2022, stepped down from his role in May this year.

The judging panel for the 2022 Frontier Awards described the well-respected leader as a “driving force” for the industry. On the night, Diaz told the audience he was honoured to have received the award: “The Frontier Awards have always been an important element of the travel retail community and one of the highlights of every TFWA Conference and Exhibition in Cannes…The strong collaboration and dedication of the brands and the retailers are what makes this industry unique and powerful.”

October: CDFG hails opening of 280,000sqm ‘duty free paradise’ in Hainan

China Duty Free Group (CDFG) and parent company China Tourism Group opened the highly anticipated Haikou International Duty Free City , the world’s largest duty free store at 280,000sqm. The duty free shopping “paradise” features over 800 international and domestic brands with around 4,000sqm dedicated to high-end luxury. The prized beauty category is treated to a single floor space of 30,000sqm, providing consumers with virtual makeup, interactive experiences, customisation, a “fragrance classroom”, and star interpretation. The store also celebrates Chinese culture with a specific Maotai Experience , a space dedicated to Guochao Beauty Cosmetics and a partnership with Huawei .

November: FIFA World Cup

The world’s largest football tournament, the FIFA World Cup took place in the Middle East for the first time, with host country Qatar expecting upwards of 1.7 million people to visit during the event. The competition is a huge catalyst for travel retail growth in the region, with surrounding destinations earmarked to benefit. ‘Shuttle flights’ from destinations like Dubai were tapped to bring in around 500,000 visitors on the busiest days – indicating good traffic for those key airports.

November: Qatar Duty Free – Orchard Opening

Just in time for the FIFA World Cup, Qatar Duty Free unveiled a brand new, luxury commercial offer as part of Hamad International Airport ’s expansion. The upgraded facilities and offerings include an indoor tropical garden named The Orchard , world-class services and “endless F&B and offerings” which now span over 65 outlets across three levels.

World firsts and exclusives include a Fendi Boutique with the first Fendi Café in an airport, and the first Ralph’s Coffee Shop in an airport. New luxury boutiques include the first Dior Boutique at HIA, only FIFA shop in the world, Thom Browne ’s travel retail debut, the largest Ray Ban store in an airport, and a line-up of prestigious brands such as flagship Louis Vuitton Boutique, Gucci, Burberry, Tiffany and Co  and Bulgari . QDF Vice President Thabet Musleh told DFNI that working on the project had been a “dream come true”.

November: UK airports ‘set to scrap 100ml liquid limit’ for passengers from 2024

In major news, a report published in The Times revealed that airports travellers at UK airports will be able to carry more than 100ml of liquids onto planes from 2024. An official announcement is expected by Christmas, but the report stated that airports are set to replace the current 2D security scanners with more advanced CT scanners which generate a high-resolution 3D image of bags.

The move could also see an end to the requirement for passengers to remove laptops from their bags. The 3D screening is currently being trialled at Heathrow Airport and Gatwick , while both Shannon and Schiphol airports have already introduced CT scanners in the security areas. Passengers have been restricted to 100ml containers of liquids since 2006, following an attempted terrorist attack.

December: TFWA election takes place

Erik Juul-Mortensen was reelected as TFWA President for another term, ending December 2023. Juul-Mortensen is a founding member of the TFWA and has served as President of TFWA for a total of 21 years over two terms.

Tagged with: 2022 Frontier Awards Aena Asutil Autogrill Carnival Cruise Line CDFG Crystal Cruises DFWC Dufry Fendi Geneva airport Groupe ADP Harding Heinemann Americas Lagardere LVMH Moet Hennessy Louis Vuitton Qatar Duty Free Starboard Cruise Services

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The Very Best Travel Gear of the Last Year, According to Our Readers

By Madison Flager and Meaghan Kenny

All products featured on Condé Nast Traveler are independently selected by our editors. However, when you buy something through our retail links, we may earn an affiliate commission.

2023 was an incredible year for travel— new hotel openings , emerging destinations , and trending food scenes brought us further around the world. And with all that travel comes lots of new gear that editors and readers alike loved. From carry-on essentials and cozy loungewear that make long-haul flights a little more comfortable to supportive walking shoes built for those days when you're clocking 20,000 steps, we tested out some pretty great travel gear this past year—and recommended our favorites to you along the way.

As we plan our next big adventures, we're taking a look back on the products that resonated most with Condé Nast Traveler readers in these last 12 months. Below, you'll find the 16 most-purchased Traveler -recommended items of 2023, from lightweight travel pillows and noise-canceling headphones to tote bags you'll wear everywhere. Consider these our best travel gear recommendations of the year, available to shop now in case you missed any the first time around.

Find the best travel gear by category:

In-flight essentials, versatile travel bags, comfortable walking shoes, cozy loungewear, leakproof toiletry bottles, noise-canceling headphones, a supportive exercise dress, waterproof gear, a portable steamer.

Our readers could not get enough of this travel pillow from Trtl this past year. It's much different than your classic travel pillow : shaped like a supportive wrap for your neck, it takes up little space in your carry-on and weighs only 4.5 ounces. Bring this on your next long-haul flight, train ride, or road trip—your head and neck will thank you later.

If you're headed on a red-eye flight, a sleep mask is a non-negotiable. You loved this one for its unique, contoured shape: It has raised sections over your eyes so it's not too restrictive or uncomfortable to sleep in, but lies flat around the nose and eyebrows to effectively block out light while you catch some ZZZs. It's easy to see why this Amazon bestseller has racked up over 71,000 five-star reviews.

Never eat off of a dirty airplane seat tray again! This $30 travel essential is a complete game changer—especially when you're stuck with limited space in the middle seat. The slim, lightweight cover slips over your seat tray like a pillow case, lending you a clean surface to eat and work on. It also features a few handy compartments to hold your Kindle, water bottle, earbuds, and any other in-flight must-haves.

Is there a more stressful feeling than thinking you've lost your luggage? Our readers clearly think not, since Apple AirTags were among the most-purchased travel gear in 2023. Slip one of these tiny tags into your checked bags, duffels, or backpacks so you know exactly where your personal belongings are each step of the way. Use the Find My app on your phone to track your tag and never worry about where your luggage is ever again.

Is there a travel bag more versatile or more chic than good leather tote? Traveler contributor Lydia Mansel raved about Cuyana's popular Classic Easy Zipper Tote . The brand gave the Easy Tote a little facelift in 2023—it can now be fully zipped, making it an even more secure travel companion. It's lightweight, sleek, and the quality speaks for itself. You'll have this thing for years to come.

Calpak's Luka duffel is the perfect travel bag for weekend trips or long-haul flights (we like to use it as a personal item ). Carry it by its soft top handles or by its long adjustable strap. Features we love: the separate shoe compartment, trolley sleeve, and the several internal pockets to keep you organized. I've used many duffel bags over the years, but this one reigns supreme.

Every packing list has to have a pair of comfortable walking shoes on it. We appreciate the effortless cool look and feel of New Balance shoes, especially the 547 Core sneaker. There's no break-in time needed and I've never gotten any blisters after wearing these—even after a long day trip.

If you haven't tried a pair of Allbirds yet, what are you waiting for? The brand is known for its ultra-lightweight, comfortable kicks—the kind that make sightseeing all day long on your feet a breeze. The Tree Runners are versatile enough to pack on any trip and take up little suitcase space.

We all need some comfortable loungewear, whether you're working from home, boarding a long flight, or just relaxing in your hotel room. We love matching sets like one from Cozy Earth—the pullover and joggers are supremely soft, cool to the touch, and offer a perfectly relaxed fit without being too baggy.

When it comes to packing toiletries like shampoo and conditioner, body wash, and moisturizer, you're going to need some leakproof, reusable travel bottles . Our editors swear by Cadence capsules: These airtight, magnetic capsules stay neatly together in your Dopp kit , take up little space, and are designed without any right angles or edges, so you can get as much product out as possible (this also makes them so easy to clean). Customize everything about your Cadence set—from the color and size to the number of capsules to what each label says. And while the original small capsules are a nice size for short trips, you can also grab the The Extender —an add-on that allows you to increase the size of the bottle when you need more room.

When Amazon Prime Day rolled around in July and then again in October, noise-canceling headphones were scooped up in droves. There are a lot of popular options on the market we love, like the Beats Studio3 wireless headphones. They'll block out all that extra noise on your next flight and let you comfortably listen to all your favorite movies in peace.

More noise-canceling gear we recommend: the Apple AirPods Pro wireless ear buds. If you haven't tried these yet, now is the perfect time. These tiny earbuds come in an ultra-compact case that is small enough to fit in a crossbody bag or running waist pack. I use these every day—while I'm hiking, running, commuting to the office, and everything in between.

Exercise dresses are still having a moment. The sporty yet feminine dress is reimagining activewear—it can be worn just as effortlessly to a workout class or a game of pickleball as it can be to a lunch date. Of our favorite styles, you loved this option from Outdoor Voices most. It offers breathable built-in shorts, adjustable straps, and side pockets, with a flattering silhouette that's neither tight nor restrictive. We have a feeling these will be just as popular again come spring.

Packing an umbrella seems like a waste of space, until you find yourself in a downpour without one. Traveler contributor Claire Volkman put a dozen options to the test ; this sturdy, wind-resistant, lightweight, and compact option from Weatherman was her favorite overall.

Keep your phone safe while at the beach, in a kayak, or on a boat with this waterproof pouch from Pelican. It comes with a lanyard to wear around your neck, but if it does go overboard, you can rest easy knowing it'll float on the surface.

It's nearly impossible to keep clothes wrinkle-free in your suitcase. This becomes especially tricky when you're traveling for a special occasion, say a destination wedding , and you need to touch up formal wear upon arrival. This lightweight, portable steamer was a huge hit with our readers—and we see why: It weighs less than a pound, is easy to pack in your suitcase, and offers 10 minutes of continuous steam. The Nesugar steamer comes with a convenient wall mount, too, so you can keep it neat and tidy back at home.

Looking for more of our readers' favorite travel gear? Take a look back at some of our top stories of the year:

• Comfortable walking shoes for travel
• Our editors' favorite tote bags
• How to sleep on a plane
• Reusable toiletry bottles
• Loungewear sets for long travel days
• The best travel accessories

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These Are the Top 18 Travel Products T+L Readers Purchased in 2022

Prices start as low as $19.

Travel + Leisure / Tyler Roeland

With 2022 coming to a close, now is the perfect time to reflect on the biggest and best shopping deals of the year, and what Travel + Leisure readers have been loving to elevate their adventures. In categories spanning from luggage to cozy airport outfits to smaller accessories, there’s been no shortage in sales throughout the last 12 months — and even products that are still worth checking out now. 

If you’re curious what deals fellow shoppers have been snagging over the past year, we rounded up the 18 most popular (and most purchased) products our readers can’t seem to keep their hands off of. The good news is that many of these items are currently on sale, so act fast to stock up on the best in shoes, apparel, and tech that can be added to any packing list in 2023. 

Whether you’re swapping out holiday gifts or are simply looking to prepare for a new year of adventures, keep reading to find out the 18 most popular products Travel + Leisure readers purchased this year.

Related: We Tested More Than 1,300 Travel Products in 2022 — These Are Our Winners

Cariuma Oca Low Canvas Sneaker 

I’m a firm believer that you can never have too many shoes, especially when it comes to white sneakers, and the Cariuma Oca Low Canvas Sneaker has certainly caught my attention. This shopper-loved comfy shoe brand is so popular that the same style in the Pantone Lilac shade also made our list of top sales in 2022, so now’s your chance to snag these versatile and stylish kicks as we head into the new year. With celebs such as Helen Mirren and Pete Davidson spotted in the brand, you’ll be in good company after grabbing a pair of these canvas shoes. 

To buy: cariuma.com , $79

Asenlin Travel Backpack

A sturdy backpack is one of my most-used travel essentials, and it seems that T+L readers are in agreement. If you’re looking to upgrade your everyday backpack, this water resistant, durable Asenlin Travel Backpack is currently 44 percent off at Amazon and excellent for travel, work, and whatever else you might have planned. Uber-comfortable and built to last, you can’t go wrong with a price tag of just $45.

To buy: amazon.com , $45 (originally $80)

Ueu Yoga Pants

If there’s one thing I require of my airport outfit, it’s maximum comfort. Evidently T+L readers are on the same page, as shoppers couldn’t get enough of the versatile Ueu Yoga Pants this year. Available in 19 colors, this sleek yet relaxed-fitting pant provides all the comfort of wearing pajamas in public with the style of a put-together outfit. Grab a pair (or two) now for up to 54 percent off.

To buy: amazon.com , $20 (originally $43)

Aerothotic Flip-flops

Sometimes you’re going on a low-key vacation that really only requires one casual pair of shoes, and if you’re in the market for some new sandals, the Aerothotic Flip-flops are the way to go according to T+L readers. These supportive and comfortable flip-flops feature orthopedic insoles that offer enough arch support to wear on busy days exploring a new city and are perfect to slip on while you’re grabbing a poolside lunch. 

To buy: amazon.com , $28 with on-site coupon (originally $37)

Apple AirTag

Why worry about losing your luggage when you could simply invest in an Apple AirTag and call it a day? This year, T+L shoppers loved this handy hack for keeping their checked bags safe, and at just $29, it’s a small price to pay for security. After my brother lost his luggage in Italy, it’s safe to say I’ll never be traveling without an AirTag again, and you shouldn’t either.

To buy: amazon.com , $29

Yesno Overalls

If you’re running straight from the airport to an event, it can be nice to put together a travel outfit that’s both cute and comfortable. That’s where these Yesno Wide Leg Overalls come in. With two large pockets to store your in-flight snacks, and a casual, draped design to help you look chic without sacrificing comfort, this jumper is about to become your new favorite travel fit.

To buy: amazon.com , $28

Shacke Pak Packing Cubes

Looking for a sign to start traveling with packing cubes? This is it. The easiest hack for keeping your clothes and items organized and compact while you travel, the top-rated Shacke Pak Packing Cubes are a T+L fan-favorite for a reason. The set includes five packing cubes of varying sizes, ensuring that your carry-on is easy to navigate and organized, even during longer vacations. 

To buy: amazon.com , $22

Asics Gel-Venture 6 Trail Running Shoe

Support is the name of the game when it comes to running shoes, and whether you’re searching for a sneaker that can keep your legs feeling fresh after a hike, long walking tour, or an intense workout, Asics Gel-Venture 6 Trail Running Shoes are the way to go. Reversed lugs provide optimal traction so you can wear these sneakers during the icy winter months, and high abrasion rubber makes these shoes durable and built to last. Plus, right now they’re on sale for up to 29 percent off at Amazon.

To buy: amazon.com , $50 (originally $70)

Gen 7 CAT Tourniquet

When you’re packing your travel bag, your first thought probably isn’t whether or not you’ll be saving any lives on this trip — but why not prepare for the scenario anyways? Compact and highly effective, the Gen 7 CAT Tourniquet is one addition to your carry-on that you’ll never regret, helping to halt hemorrhaging and slow blood flow from an open wound. If you’re going to invest in a tourniquet, why not buy one that’s been proven 100 percent effective by the U.S. Army’s Institute of Surgical Research (as well as recommended by a nurse )?

To buy: amazon.com , $29 (originally $31)

Coowoz Travel Carry-on Backpack

Backpacks intrinsically make for good carry-on items, and the Coowoz Travel Backpack is specifically designed to be just that. This pack fits a week’s worth of clothing, easily slides under the seats of most commercial airlines, and is fitted with several spacious compartments to tuck away your essential items for easy access later in the trip. Waterproof and highly durable (as well as available in 18 stunning colors), it may be time for me to upgrade my backpack for this roomy yet sleek option. 

To buy: amazon.com , $30

PrinStory Ruffle Sleeve Tee

A basic t-shirt never goes out of style, but that doesn’t mean a little extra flare isn’t welcome. This year, T+L shoppers loved the PrinStory Ruffle Sleeve Tee , and whether you’re drawn to neutral shades like black and white, or opt for a little more color, you can’t go wrong with these classic tops. Not to mention they’re on sale right now for as little as $19. 

To buy: amazon.com , $19 (originally $33)

Loveledi Portable Charger

A portable charger should be a no-brainer when packing for your next vacation, and this set of two from Loveledi is loved by Amazon customers and T+L readers alike. Having a portable charger on hand is great for long days running errands or simply keeping your devices juiced up while in a busy airport without a charging port in sight. And this set is currently on sale for 80 percent off, making it a deal you won’t want to miss. 

To buy: amazon.com , $20 for 2 (originally $99)

Libin Women’s Cargo Joggers

Some people prefer to travel in clothes that aren’t sweatpants, and while that isn’t necessarily my idea of a good time, these comfortable Libin Cargo Joggers were a fan-favorite with T+L readers this year. Featuring a multitude of pockets for your electronics and snacks, these best-selling drawstring-waist pants allow you to look pulled together on the trail or when traveling while feeling like you’re wearing pajamas. That’s a win-win if you ask me. 

To buy: amazon.com , $33

Bagsmart Toiletry Bag

One travel essential that everyone should have but we don’t often discuss is a high-quality toiletry bag. We all have our essentials that come with us on every trip, so why not package them safely within this Bagsmart Toiletry Bag for easy access and secure storage? Whether you’re bringing along makeup, perfume, or hair products, this Dopp kit is one travel must-have you don’t want to skip. 

To buy: amazon.com , $20 (originally $27)

Merrell Moab 2 Hiking Shoes

If there’s one thing you want to avoid, it’s going hiking in the wrong pair of shoes. Fortunately, T+L readers can attest that the best-selling Merrell Moab 2 Hiking Shoes are the best pair for the job, whether you’re embarking on a shorter adventure or gearing up to hike the Appalachian Trail. Currently on sale for up to 63 percent off, now is the time to snag these durable, supportive, and waterproof hiking boots to prime yourself for a new year of getting outdoors. 

To buy: amazon.com , $40 (originally $110) 

Camtop Weekender Bag

A weekender bag is another travel-must for shorter trips, and this Camptop Bag is not only stylish, but also contains a special storage compartment for shoes and other essentials. A laptop sleeve allows you to keep your valuable electronics safe while you jetset, and the smaller size is easily slid under the seats of most commercial airplanes for effortless travel. You can thank us later.

To buy: amazon.com , $40 (originally $56)

Bagsmart Compression Packing Cubes

While you don’t necessarily need to get the most innovative packing cubes for them to be effective, if you’re aiming to take your travel to the next level, these Bagsmart Compression Cubes are the way to go. These lightweight bags hold a surprising amount of clothing and other travel essentials, situated with extra zippers to act like a vacuum seal within your suitcase. An added bonus? It even makes unpacking once you arrive at your destination that much easier. 

To buy: amazon.com , $40 (originally $43)

Iximo Linen Pant

I’m convinced that linen pants will never go out of style, and this easy, breezy pair from Iximo firmly earned its spot as a top-seller with T+L readers in 2022. The drawstring and elastic waistband lend themselves to maximum comfort whether you’re flying or lounging around the house, and the tapered cut is endlessly flattering on a wide range of bodies. From army green to baby pink, these are the versatile pants you’re going to want to take with you into the new year.

To buy: amazon.com , $37 

Shop More T+L Deals:

• The 10 Best Ski Gloves of 2022, Tested and Reviewed
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Top 50 Global Retailers 2022

Looking for the latest version.

The NRF Top 50 Global Retailers list is a fresh look at the 50 most impactful international retailers based on their operations at the start of 2021 (originally published March 23, 2022; updated April 5, 2022*) .

Kantar partnered with NRF to produce this ranking of the Top 50 Global Retailers in 2021 that seeks to maximize discussion, debate, education and exploration opportunities that the ranking can provide.

Any comparison of retailers operating in multiple countries is made difficult by currency exchange rates and domestic market strengths that can distort comparisons over time. To minimize these impacts, Kantar’s retailer database is maintained in a retailer’s reported local currency, which has been converted to U.S. dollars using the International Monetary Fund rates database to assign rank points and construct this list.

Kantar’s ranking methodology uses a system in which points are given to retailers based on their domestic and international retail revenues. To qualify for the rankings, retailers need to have a direct investment in at least three countries.

Explore the complete list below or take a closer look at the rundown .

*The Global 50 list was updated on April 5, 2022, to accurately reflect full retail sales and store numbers for Inditex. Inditex is now No. 14 (previously No. 36). All retailers previously ranked 14-35 are now decreased by one rank. The list is the same for Nos. 1-13 and Nos. 37-50.

Methodology

The Top 50 Global Retailers is a fresh look at the 50 most impactful international retailers based on their operations from the start of 2021. The methodology uses a system in which points are given to retailers based on their domestic and international retail revenues.

To qualify for this year’s rankings, companies had to meet several criteria. Both publicly and privately owned companies were considered, and the businesses were reviewed between January and March 2022.

First, the company must be a retailer, defined as a goods-for-consumer resale operation open to the public. Second, the company must have direct selling operations in at least three countries, one of which must not be an adjacent territory to the retailer’s home country. Offshore tax havens, territories and protectorates are disqualified from consideration as a country.

The review process looked at retailers’ international direct selling capabilities and total global retail sales. Where reported, Kantar took the size of the company’s international retail sales for the most recent 52-week filing period, in the currency provided, and converted the figure to U.S. dollars. Currencies were converted using the International Monetary Fund rates database. After considering the relative impact of international and domestic operations, Kantar created a points system giving the most points to retailers with international direct selling, and fewer points to those with a preponderance of domestic retail sales.

Sources for this year’s report included annual reports, public filings and press statements, as well as consumer research on shopping patterns. Much of this data is collected by a global team of analysts who work throughout the year on the estimates. This information is shared with subscribers to Kantar’s online platform for retail performance data, kriq.kantarretailiq.com.

There are three notable departures from the Top 50 Global Retailers lists from prior years. After careful consideration, these adjustments are intended to focus this body of work on the retail operations of these businesses and with greater attention placed on the most relevant ranking factors.

First, in alignment with Kantar’s Retail IQ methodology, we accounted only for retail revenues in determining rank points. In prior years, retailers’ full reported revenues were leveraged in determining rank points. As the largest global retailers continue to expand outside of retail revenues, this list now focuses only on retail-relevant revenues.

Second, we eliminated assigning rank points based on alliances, partnerships, online marketplaces or differentiation between first- and third-party sales. These factors played a negligible role in the rankings in recent years.

Lastly, we no longer incorporate food service companies in this ranking, which has had a minor impact; only three restaurants made the Global Top 50 list last year.

The result is a more focused list of the Top 50 Global Retailers with greater emphasis on retail operations, while maintaining the importance of international capabilities.

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Parent item expand the sub menu, the 2023 top 100 beauty companies.

WWD Beauty Inc's annual ranking of the world's largest beauty companies by sales.

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With sales reaching a record $245.17 billion, 2023 was a banner year for beauty.

But the landscape shifted, and the agility and cultural relevance of the world’s leading manufacturers was tantamount to their performance. In fact, the biggest sales gainers of the year — Selena Gomez’s Rare Beauty and E.l.f. Beauty — proved that when consumers are on board, they continue to buy.

But what’s also clear from the 2023 WWD Beauty Inc Top 100, our annual ranking of the world’s largest beauty companies by sales, is that as consumers in many parts of the world see their purchasing power shrink, they are more discerning than ever about how and where they spend.

Business in China weighed heavily on beauty’s biggest players for the second year in a row. Companies that had profited from the growth of the Chinese economy over the past decade or so took a hit as consumer sentiment waned, and as the Chinese government reined in on so-called “Daigou” bulk purchasing in travel retail. Japanese players were doubly penalized due to consumer backlash over the release of wastewater from Fukushima into the Pacific Ocean.

In general, players with a broader portfolio across distribution channels did better than those focused on the premium market, on which China weighed heavily. But there were exceptions in prestige: High-end fragrance companies continued to outperform prestige players with broader portfolios.

Skin health and dermocosmetics continued to accelerate, benefiting players like L’Oréal ; Laboratoires Pierre Fabre, whose Avène brand broke the €1 billion sales barrier; Galderma; Caudalie; Naos, and Nuxe.

At the opposite end of the spectrum, South Korea’s LG H&H and Amorepacific continued to struggle, despite efforts to re-dynamize their business models and decrease their reliance on Chinese consumers.

It was another tough year for the majority of direct sellers, too, as they continue to seek the magic formula for business model rejuvenation. Natura & Co., Nu Skin and Oriflame were among the worst performers for 2023. Mexico’s Betterware, with its turnaround of Jafra, was a notable exception.

Despite the challenges, the majority — more than three-fourths — of the companies in this year’s ranking saw their sales increase year-over-year, 37 of them with double-digit gains. Of just 21 players registering sales declines, they were less vertiginous than a year ago; none of the Top 100 companies saw their sales fall by more than 20%.

Total sales for all 100 companies increased 5.3% year-over-year, to $245.17 billion, a record number that is also well above 2019’s pre-pandemic sales for Top 100 companies of $227.6 billion.

L’Oréal accounted for 18.2% of total sales, its share of the Top 100 inching up once more, by 0.9 percentage points. The top 10 companies overall generated sales of $145.61 billion, or 59.4% of total Top 100 revenues, a ratio that has remained roughly stable in recent years.

METHODOLOGY

The WWD Beauty Inc Top 100 ranks the world’s largest beauty manufacturers. Firms are arranged by their beauty sales for the 2023 calendar year. For those companies whose fiscal year did not run from Jan. 1, 2023, to Dec. 31, 2023, estimates were calculated. All sales figures were either obtained from the companies or generated with the help of industry sources, indicated by (EST.) in the ranking. For this list, “beauty” includes fragrance , makeup, skin care, body care, sun care, hair care, deodorant, plus cellulite and shaving products. It does not take into account bar soaps, razors, toothpastes, food and diet foods, medicines, vitamins, detergents or appliances. The revenues only include sales of beauty products each firm manufactures and do not include business from private-label lines or products distributed for other companies. Information in the main brands section reflects each company’s holdings in 2023. Year-on-year percentage changes are in reported terms, not on a like-for-like or constant-currency basis. Non-U.S.-based firms’ sales are converted into dollars according to the 2023 average yearly exchange rate.

CURRENCY CONVERSIONS

Sales figures in non-U.S. currencies were converted to the dollar using the following 2023 average exchange rates from Oanda.com:

€1=$1.08144; ¥1=$0.00713197; £1=$1.24360; 1 KRW=$0.000765257; R$1=$0.200293; CNY 1=$0.141397; 1 Rupee=$0.0121094; 1 SFr=$1.11335; 1 HK$=$0.127729; 1 Mexican peso=$0.0564468.

Clichy, France 2023 Beauty Sales: $44.53 Billion €41.18 Billion +7.6% VS. 2022

The L’Oréal juggernaut continues. Registering its third year in a row of double-digit growth in like-for-like terms, the world’s biggest beauty company surpassed €40 billion in sales for the first time in 2023.

London 2023 Beauty Sales: $26.15 Billion (Est.) €24.18 Billion (Est.) +1.5% vs. 2022 (Est.)

It was another year of upheaval for Unilever. New chief executive officer Hein Schumacher took the reins in July, revealing a major overhaul to operations in October. After assessing the consumer-goods heavyweight’s operations, Schumacher concluded it had been spreading its resources too thinly, with too many smaller brands and projects competing for attention. He plans to streamline strategy, supply chain and the company’s approach to sustainability.

The Estée Lauder Cos.

New York 2023 Beauty Sales: $15.2 Billion (Est.) -7% vs. 2022 (Est.)

From downgraded forecasts to layoffs to cyber-attacks, the Estée Lauder Cos. faced numerous challenges in 2023. Perhaps the toughest came from China, where for years it successfully rode the wave of the country’s beauty boom, selling buckets of hero products like Estée Lauder Advance Night Repair Serum to Chinese consumers. The coronavirus pandemic put an abrupt stop to that, however, and sales failed to bounce back both in China and its Asia travel retail business. Indeed, in Lauder’s most recent quarter, net sales decreased 14% in the Europe, the Middle East and Africa region, which includes Asia travel retail, and were down 7% in Asia-Pacific.

Procter & Gamble

Cincinnati 2023 Beauty Sales: $15 Billion (Est.) +4.5% vs. 2022 (Est.)

Despite severe economic and geo-political headwinds, notably in China, Procter & Gamble’s beauty division accelerated across most brands and geographies.  P&G’s global hair care portfolio grew organic sales in the high single digits — the highest growth for the division since the pre-pandemic period — with all regions growing solidly with the exception of China. All global brands contributed to sales results, including high-single to double-digit growth from Pantene, Head & Shoulders, Herbal Essences and Aussie. Pantene remains the number-one selling hair care brand in the world and Head & Shoulders is the top-selling shampoo brand, both according to Euromonitor data. 

LVMH Moët Hennessy Louis Vuitton

Paris 2023 Beauty Sales: $8.94 Billion (Est.) €8.27 Billion (Est.) +7% vs. 2022 (Est.)

Innovation and continued control over distribution were cited by LVMH Moët Hennessy Louis Vuitton as the key drivers for its beauty division’s growth last year. Like many of its competitors, lackluster sales in China continued to weigh on business; the weight of Asia (outside Japan) in the division’s sales shrank for the fourth consecutive year, down from 45% in 2020 to just 33% last year.

Chanel Ltd.

London 2023 Beauty Sales: $8.32 Billion (Est.) €7.69 Billion (Est.) +15% vs. 2022 (Est.)

Chanel saw a solid year of growth in 2023. Fragrance and makeup were once again the main contributors to sales increases in beauty last year, but sales gained across all categories. All regions were positive, and travel retail recovered in the Western Hemisphere but remained slightly below 2019 levels in the Eastern Hemisphere.

Hamburg, Germany 2023 Beauty Sales: $8.14 Billion (Est.) €7.53 Billion (Est.) +9.6% vs. 2022 (Est.)

The performance of Beiersdorf’s core brand Nivea and dermocosmetics under Eucerin and Aquaphor made for another bumper year for the German skin care specialist. This countered declines from its prestige brands, La Prairie and Chantecaille. Both Eucerin and Nivea have been doing particularly well in emerging markets. Nivea is now the number-one face care brand in Brazil and Mexico, according to the company.

Tokyo 2023 Beauty Sales: $6.94 Billion (Est.) ¥973.04 Billion (Est.) -8.8% vs. 2022 (Est.)

While Japan’s beauty leader saw robust sales in its domestic market rebound, that was not sufficient to counterbalance weakness in travel-retail and reported sales declines in other international markets. Nars, Drunk Elephant and fragrance were its main pockets of growth for the year. The first year of its “Shift 2025 and Beyond” growth plan, Shiseido focused on transforming its business model to improve profits, reduce costs and boost productivity. Key initiatives included addressing market challenges, especially in China, and innovative product launches aimed at enhancing brand equity.

Natura & Co.

São Paulo 2023 Beauty Sales: $6.39 Billion (Est.) R$31.88 Billion (Est.) -12.3% vs. 2022 (Est.)

Times have been tough for the Brazilian beauty heavyweight, once seen as an industry darling for its innovative business model focused on sustainability long before that was mainstream. Natura’s change in scope over the past decade had hit it hard, and it was a year of massive change as it sought to pay down debt, shedding operations — both profitable and loss-making — to turn its business around. Australian natural brand Aēsop, which was considered the jewel in Natura’s crown, was sold to L’Oréal in a deal completed in August for $2.53 billion. The sale was intended to free up resources for Natura’s other operations, including The Body Shop, a move questioned by market observers given Aēsop’s higher growth rates than the rest of the portfolio. Since Natura bought the brand in 2012, its gross sales increased from $28 million to $537 million.

Amsterdam 2023 Beauty Sales: $6 Billion (Est.) +14% vs. 2022 (Est.)

2023 marked some major milestones for Coty, the largest being its dual listing in Paris. The company is expected to use the proceeds of its Paris listing, which went ahead in September, to pay off outstanding debt and for investments and capital expenditure. In July, Coty had announced plans to sell a 3.6% stake in Wella to investment firm IGF Wealth Management in a further move to pay down debt. In November, it transpired that the deal had not materialized because the two parties were not aligned on deal terms. Coty has nevertheless reiterated its commitment to divest its remaining 25.9% stake in Wella by 2025.

Bath & Body Works

Columbus, Ohio 2023 Beauty Sales: $4.57 Billion (Est.) -0.3% vs. 2022 (Est.)

Demand slowed at Bath & Body Works as consumers reined in spending and demand for some of its core products continued to normalize after the pandemic. The retailer made some big category changes during the year, introducing men’s grooming and hair care, both of which have been performing well. It also entered fabric care, debuting its first laundry detergents and scent boosters online and in 80 stores, with plans to introduce fabric softeners and other products within the category. There has been a significant shift in demand for some products, with sales of soaps and Wallflowers home scents increasing, while candles and sanitizer, both of which soared during the pandemic, declined.

Skillman, N.J. 2023 Beauty Sales: $4.4 Billion (Est.) +0.6% vs. 2022 (Est.)

Johnson & Johnson completed the carveout of its consumer health business in 2022, with the renamed entity, Kenvue, floating on the stock market in May and the split finalized in August. The company appointed Jan Meurer group president of North America and Charmaine England chief growth officer. For its Skin Health and Beauty activity, Kenvue said organic sales for the year grew 1.8%, mainly driven by price increases, while volumes were down 4.8%. Sun care was a high point across key markets, growing share thanks to successful launches. But this was offset by what Kenvue described as underperformance in commercial U.S. in-store execution, particularly in the fourth quarter.

Addison, Texas 2023 Beauty Sales: $4.3 Billion (Est.) +4.9% Vs. 2022 (Est.)

Mary Kay leveraged the attention generated by its 60 th anniversary in 2023 to relaunch its hero skin care collection, the TimeWise Miracle Set. The direct seller supported the reboot with pop-up activations across the U.S., complete with pink lattes and sample set gifts. Euromonitor International named Mary Kay the number-one direct selling brand of skin care and color cosmetics in the world. The company announced its expansion into Hungary, reflecting its growing popularity in Europe.

Barcelona, Spain 2023 Beauty Sales: $4.29 Billion (Est.) €3.97 Billion (Est.) +19 vs. 2022 (Est.)

It was another year of strong growth for Puig, albeit at a slower pace than in 2022. The Spanish beauty heavyweight, which is said to be considering an IPO, saw double-digit sales gains in all beauty categories and in all regions, growing ahead of the market and capturing market share. Charlotte Tilbury, which Puig added to its portfolio in 2020, continues to be a strong performer, contributing to sales gains, according to estimates. In the 11 months to November, per Circana data for the U.S., the buzzy label was the fastest-growing prestige beauty brand in the top 10 by sales, and the top contributor to growth in the prestige channel.

Tokyo 2023 Beauty Sales: $4.22 Billion (Est.) ¥592.21 Billion (Est.) +1.4% vs. 2022 (Est.)

In June last year, Kao implemented a new strategy with the aim of diversifying its geographic footprint to become less reliant on business in Asia and less centered on its Japanese headquarters. By 2030, it aims to be a top-10 global beauty player. The core focus of its international ambitions are initially the Sensai, Curél and Molton Brown brands. Sensai will tap into opportunities in premium skin care, expanding in Asia, especially China, where a flagship opened in Shanghai in October. Curél will lean into growing demand for dermo-cosmetics and products for sensitive skin, and Molton Brown will seize further potential for lifestyle fragrances, especially in Europe, leveraging its status as a Royal Warrant holder. It will also tap into opportunities for prestige fragrance in Asia, and opened its first flagship in Kuala Lumpur, Malaysia, in December ahead of further Asian expansion this year. Once Kao has established these foundations, it plans to build on them to expand the rest of its portfolio, starting with the Kanebo and Kate brands. It is also looking at M&A opportunities.

Düsseldorf, Germany 2023 Beauty Sales: $4.08 Billion (Est.) €3.77 Billion (Est.) Flat vs. 2022 (Est.)

Henkel continued its rationalization in 2023. Under its new Consumer Brands business unit — which went live in January 2023 with the merger of its Beauty Care and Laundry & Home Care divisions — reported sales were down significantly, due to declines in volumes, the restructuring of the portfolio and negative currency effects. The company noted that volumes for the division picked up in the second half, and that hair care was one of the drivers of organic sales growth for the year. Price increases also contributed to organic sales gains. For the core hair care activity, sales for the year gained 3.2% on a reported basis to reach €3.08 billion, with organic sales up 8.9%. Within the mass-market hair care business, double-digit organic gains were led by color and styling under the Got2b, Palette and Taft. Professional hair care also performed well in organic terms, notably thanks to new formulas under the BlondMe brand. Henkel said it expanded its global market share in hair styling.

Colgate-Palmolive

New York 2023 Beauty Sales: $3.7 Billion (Est.) +8.5% vs. 2022 (Est.)

Increased prices, new products and further penetration into professional skin care drove Colgate-Palmolive beauty sales in 2023, according to estimates. Its price tags in personal care rose 9.5% on average, and organic sales growth in the segment was driven by categories including deodorants, hair care and body wash. In its core personal care category, the company leaned into premiumization, launching new prebiotic products under Sanex in Europe. It continued to focus on its premium skin care portfolio with a series of new products for EltaMD, Filorga and PCA — three brands it acquired a few years ago to gain entry into the high-margin professional beauty space. The deals are paying off as consumer interest in professional skin care surges and salons, spas and med spas add more professional retail brands to boost loyalty and transactions.

Seoul 2023 Beauty Sales: $3.02 Billion (Est.) KRW 3.95 Trillion (Est.) -9.2% vs. 2022 (Est.)

It was another tough year for LG H&H, with the cosmetics business weighing heavily on the firm’s overall results due to reduced demand in China and travel retail, where beauty sales fell 28% year-on-year, and costs related to restructuring its international operations. Nevertheless, its beauty sales surpassed those of rival Amorepacific once more. The company is seeking to enhance its portfolio in the luxury space, with the Whoo, Su:m37 and O Hui brands, and lean further into clean beauty and dermocosmetics. In China, it looked to enhance competitiveness in luxury, and in North America, to improve its business capabilities. Japan and Southeast Asia were further areas of focus.

Amorepacific

Seoul 2023 Beauty Sales: $2.96 Billion (Est.) KRW 3.87 Trillion (Est.) -11.5% vs. 2022 (Est.)

The South Korean cosmetics heavyweight struggled in 2023. Penalized by its exposure to China and travel retail, Amorepacific once again saw a double-digit decline in its beauty sales. The group maintained strong growth in the Americas, Europe, the Middle East and Japan, it said. Hera, Aestura, Holitual, B.Ready, Illiyoon, Labo-H and Longtake performed well. Etude, after restructuring to improve profitability, registered 195.5% growth in operating profit. The group continues to work to improve brand value and customer relationship management, and is planning to reconfigure its global operations to focus on regions where it sees significant growth potential.

L'Occitane International S.A.

Plan-les-Ouates, Switzerland 2023 Beauty Sales: $2.64 Billion (Est.) €2.44 Billion (Est.) +19.3% vs. 2022 (Est.)

L’Occitane is on the up. Exponential growth at Sol de Janeiro, “decent” performance at Elemis and steady growth in China for L’Occitane en Provence drove strong sales growth in the nine months to December.

Despite strong sales, the company’s operating profit shrank 11% in the six months to September, to €76.8 million. The firm attributed this to increased investment in marketing to better engage with consumers, especially under L’Occitane en Provence in China.

It seems investments in social media marketing are paying off. According to CreatorIQ, L’Occitane owns the three fastest-growing skin care brands by earned media value — Sol de Janeiro, Erborian and L’Occitane en Provence, with respective gains in year-over-year EMV of 144%, 156% and 628%.

New York/Geneva 2023 Beauty Sales: $2.19 Billion (Est.) +8.1% vs. 2022 (Est.)

Wella Company, majority owned by Kohlberg Kravis & Roberts, saw all categories and regions grow in 2023. EMEA expanded by high single-digits, Americas were up double-digits and APAC increased slightly. Its flagship brands — Wella Professionals, Nioxin, Sebastian, OPI and Clairol —all gained market share. In particular, Wella’s professional signature color line Wella Professionals became the number-one salon color brand, with its Koleston Perfect hair color. Further growth in hair care came from Nioxin and Briogeo tapping into the scalp care trend, with Briogeo’s Destined for Density collection becoming its highest performing launch to date. Ghd appliances revenues, which have not been included in the overall sales numbers, were $380.5 million.

2023 Beauty Sales: $2.14 Billion ¥300.41 Billion +3.9% vs. 2022

Weak sales in China and South Korean travel retail weighed significantly on Kosé’s core cosmetics activity last year, despite strong domestic sales for high-end brand Decorté and record numbers at Tarte. The company slightly underperformed its sales forecast for the year, and operating profit also came in below plan, due in part to higher marketing and personnel expenses. Decorté’s total sales were down 19.5% to ¥77.4 billion due to declines in travel retail in China and South Korea and the slowdown and intense competition on the Chinese domestic market. In Asian travel retail, tighter restrictions on bulk purchases by resellers and high distributor inventories dinted sales. Travel retail accounted for just 8% of Kosé’s total sales in 2023, compared with 16% a year earlier. Other high-end brands, including Albion’s Elegance and Jill Stuart, were up, and in the prestige category, recovery at Sekkisei and One by Kosé contributed to sales growth.

Revlon Group Holdings LLC

New York 2023 Beauty Sales: $2.1 Billion (Est.) +5% vs. 2022 (Est.)

The Perelman era at Revlon is over. Ronald Perelman, who had been majority owner and chairman since the ‘80s, was pushed out as part of a deal with lenders as the firm emerged from bankruptcy proceedings. Shortly afterward, his daughter Debra Perelman stepped down from her role as president and CEO after seeing it through its bankruptcy. The company, now under the leadership of interim CEO Liz Smith, is said to be refocusing its efforts on gaining market share with the Revlon brand, which maintains high brand awareness despite the company’s woes of recent years. Revlon’s lenders, including affiliates of Glendon Capital Management, King Street Capital Management, Angelo Gordon & Co., Antara Capital, Nut Tree Capital Management, Oak Hill Advisors and Cyrus Capital Partners, now collectively own more than 80% of Revlon’s reorganized equity. The company is now privately held. Sales dipped at Revlon as it struggled to find its footing post-bankruptcy. The company saw resilience in Elizabeth Arden — largely due to the brand’s performance in Asia, sources said — and low-double-digit declines on the Revlon name brand.

Groupe Clarins

Neuilly-sur-Seine, France 2023 Beauty Sales: $2.0 Billion (Est.) €1.85 Billion (Est.) +5.7% vs. 2022 (Est.)

It was a strong year for family-owned Groupe Clarins, as it bucked the trend in China, registering sales gains in its biggest international market, and accelerated the revamp of its makeup business, which saw a resulting major uptick in revenues. Growth was seen in all regions and distribution channels, with sales accelerating in the Americas and strong growth in Europe and Asia-Pacific despite challenging market conditions in both. The direct-to-consumer business performed well, too, with a 13% increase in e-commerce sales and a 23% gain from its own boutiques. Wholesale also grew, with sales up 8% year-on-year. Clarins continued to roll out premium line Precious, which entered targeted distribution in Europe, the U.S. and Asian markets including Hong Kong, Singapore and Japan, following its 2022 launch in China. As Clarins works to grow its color cosmetics business, new products included the relaunch of Joli Rouge lipstick with a new formula and refillable packaging, and Tinted Oleo-Serum, a skin care- makeup hybrid based on plant oils and available in 11 shades.

Groupe Rocher

Issy-les-Moulineaux, France 2023 Beauty Sales: $1.95 Billion (Est.) €1.80 Billion (Est.) -5% vs. 2022 (Est.)

Groupe Rocher continues to work on its turnaround, seeking to reduce its dependence on brick-and-mortar and modernize its image with a focus on the botanical heritage of its core Yves Rocher brand.

The group put in place a new executive committee last July to help it adapt to market changes. Jean-David Schwartz, previously CEO of core brand Yves Rocher, was named group CEO. Bris Rocher, the grandson of the firm’s founder, remains the group’s chairman. Guillaume Darrousez, meanwhile, was named CEO of the Yves Rocher brand, and is also in charge of Dr. Pierre Ricaud and Global Strategic Insights, effective September. The company also created a transversal new product development department, with its yet-to-be-named head sitting on the executive committee, as does Darrousez. The aim of the new structure is to be more in touch with consumer expectations.

Laboratoires Pierre Fabre

Paris 2023 Beauty Sales: $1.70 Billion (Est.) €1.57 Billion (Est.) +9.2% vs. 2022 (Est.)

2023 saw Pierre Fabre’s biggest brand, Eau Thermale Avène, break the €1 billion sales mark for the first time — only the second dermo-cosmetics brand to do so, and the first in its portfolio. The skin care market leader in French pharmacies, Avène continued to enhance its medical focus — a key element of the company’s strategy overall as evidenced by its name change to Laboratoires Pierre Fabre.

In April, the firm acquired Même Cosmetics, a beauty-care brand for patients suffering the side effects of cancer treatments. In September, it took a stake in MiYé, a French start-up offering natural, organic and vegan products intended to protect women’s hormonal balance, relieving symptoms of menstrual cycles and menopause.

Rodan + Fields

San Ramon, Calif. 2023 Beauty Sales: $1.59 Billion (Est.) +2.5% vs. 2022 (Est.)

TPG Capital, which bought a minority stake in Rodan + Fields in 2018, has expanded its stake, and is now the majority investor. The company, which celebrated its 15 th anniversary last year, laid off 76 staffers in its San Francisco office as it seeks to optimize its structure and footprint for the future.

Grupo Boticário

Curitiba, Brazil 2023 Beauty Sales: $1.58 Billion (Est.) R7.9 Billion (Est.) +30% vs. 2022 (Est.)

Grupo Boticário’s business is going from strength to strength, with two consecutive years of gross sales gains of around 30%. According to sources, it has benefited from the troubles of its larger rival Natura to gain market share, and has also significantly built out its portfolio. After two brand acquisitions in 2022 — Dr. Jones in men’s and Truss Professional in hair care — it was a quieter year on the M&A front as Boticário integrated those operations. The company continued to shift its operating model and expand its brands’ wholesale presence as it shifts further to a B2B model across distribution channels. It continues to expand into new categories, introducing the Au.Migos Pets grooming line for animals and Pampers baby care products in a world-first under-license from Procter & Gamble. Makeup brand Vult launched its first hair and body care products, and collaborated with Brazil’s biggest YouTuber, Camila Loures.

Victoria's Secret & Co.

Columbus, Ohio 2023 Beauty Sales: $1.4 Billion (Est.) +11% vs. 2022 (Est.)

During its third year as a stand-alone company, the business has introduced more changes, including appointing Greg Unis as the Victoria’s Secret and Pink brand president. It also introduced a loyalty program, which garnered 22 million followers by November, accounting for over 75% of revenue. Beauty continues to be an instrumental part of its business, with the company stating that it is the strongest part of its international operations and the best performing category from a merchandise perspective.

Inter Parfums Inc.

New York 2023 Beauty Sales: $1.32 Billion +21% vs. 2022

A year on from joining beauty’s billionaires club, Inter Parfums continued to see strong momentum through 2023, buoyed by ongoing demand for fragrance and by price increases and volume gains. Its core Europe-based portfolio grew sales by 15.9% overall, to $862 million, while sales for brands operating out of the U.S. gained 33% to $456 million. Jimmy Choo overtook Montblanc to become the company’s largest brand. Roberto Cavalli joined Inter Parfums’ licensed portfolio and its license with Lacoste, which it hopes will become a major pillar, came into effect on Jan. 1, 2024. Under the U.S.-based business, drivers included Donna Karan/DKNY, which joined the portfolio in mid-2022 and saw sales jump 205%, as well as Guess and Ferragamo. The company has also expanded the footprint of Abercrombie & Fitch’s men’s fragrance bestseller, Fierce, in key markets across Europe, Mexico and Australia.

Advent International

Boston 2023 Beauty Sales: $1.3 Billion (Est.) N/A Vs. 2022 (Est.)

Private equity group Advent International is continuing to grow its beauty portfolio. Last year, it took a majority stake in two hot niche fragrance labels —  Parfums de Marly and Initio Parfums Privés — in a deal valued at $700 million, according to industry sources. The two brands combined reportedly generated retail sales of $366 million in 2022.

This year, Advent acquired a majority stake in Skala Cosméticos, a Brazilian vegan hair care brand based. The funding came from Advent’s managed funds, LAPEF VII, dedicated to the region, where consumer and retail companies comprise around 30% of Advent’s investments.

Rituals Cosmetics Enterprise B.V.

Amsterdam 2023 Beauty Sales: $1.3 Billion (Est.) €1.2 Billion (Est.) +22% vs. 2022 (Est.)

Strong sales in Europe drove gains for the Dutch company last year, especially in Germany, France and the U.K., as well as newer markets including Italy and Poland. New locations — Rituals opened 200 freestanding doors in 2023 and expanded into 500 more department stores and perfumeries — and existing stores contributed to growth, and the company said its margins were back on track after a difficult year in 2022. Product-wise, a new high-end home collection, skin care and men’s products drove growth. Rituals opened its first 10 stores in Asia, in Singapore, Thailand, Malaysia and Mainland China, and unveiled new flagships, in Paris, Barcelona, Antwerp and Frankfurt. On the sustainability front, the B Corp said it progressed on its goals, with almost all formulas now of more than 90% natural origin.

Zug, Switzerland 2023 Beauty Sales: $1.23 Billion (Est.) +8.9% vs. 2022 (Est.)

Galderma continuesto hone its position as the self-described “pure play dermatology category leader,” with its portfolio of injectable esthetics, therapeutic dermatology and dermo-cosmetics. The latter category saw strong gains in 2023, boosted by the strength of Cetaphil and Alastin Skincare , which both grew ahead of the market, according to the company.

Cetaphil performed well in Asia and Latin America, on e-commerce and through distribution expansion. Key launches included new product ranges, such as recently launched Healthy Renew, and an AI skin analysis tool.

Alastin gained in the U.S. across all channels, supported by new innovations, such as ReSurface Skin Polish and C-Radical Defense Antioxidant serum. As for international expansion, following the successful launch of Alastin Mexico, Galderma announced its launch in the U.K. and direct distribution in Canada. 

Pola Orbis Holdings

Tokyo 2023 Beauty Sales: $1.2 Billion ¥168.48 Billion +4.2% vs. 2022

Pola Orbis is beginning to see signs of a turnaround, with its beauty activity delivering year-over-year gains in both sales and operating profitability.

Pola leaned into functional products in antiaging and skin-brightening and is working to build an “online merges with offline” model. The brand launched a new loyalty program, Pola Premium Pass, in April, across sales channels. Domestic sales grew, as did international, but Pola’s operating income fell due to the international slowdown in the second half.

Orbis doubled down on profitability through brand differentiation and improvements in customer loyalty and acquisition. Domestic customer numbers grew. Overseas, Orbis boosted sales and profitability in China despite the slowdown there and the backlash over Japanese products.

Ada, Michigan 2023 Beauty Sales: $1.2 Billion (Est.) -6.8% vs. 2022 (Est.)

A buying shift with consumers in China — Amway’s biggest market — led the company to refocus on Nutralite, a nutrition brand. The shift away from topical beauty products to ingestibles hurt Amway’s beauty revenues in China and across the board. Artistry’s product launches and promotional activity helped drive that brand’s growth in key markets, and its repositioning as a “clean” brand coincided with the rollout of Artistry Labs skin care.

Proya Cosmetics Co. Ltd.

Hangzhou, China 2023 Beauty Sales: $1.18 Billion (Est.) CNY 8.31 Billion (Est.) +30% vs. 2022 (Est.)

Proya overtook legacy player Shanghai Jahwa as China’s largest domestic beauty company in the first nine months of 2023. While flagship skin care brand Proya still accounts for around 80% of total sales and continued to grow at a pace of around 30%, the company is seeing strong gains elsewhere in its portfolio. Makeup label Timage, acquired in 2019, skin care under Hapsode and scalp care brand Off&Relax combined grew by more than 50% in the first nine months of the year. Online sales accounted for more than 90% of revenues in the first half. The recent departure of Ye Wei, Proya chief marketing officer for the last six years, marks a turning point. Under P&G alum Ye’s helm, Proya began to implement a hero product-driven marketing strategy that has been paying off for the firm, which celebrated its 20th anniversary last year.

Lima, Peru 2023 Beauty Sales: $1.1 Billion (Est.) +10% vs. 2022 (Est.)

Product launches in relevant categories, such as body care and personal care, drove growth at Peruvian direct seller Belcorp, in addition to higher penetration of apps and online stores by the brands’ direct-selling representatives. The company streamlined its operations to protect cash flow, and leaned into artificial intelligence both within its operations and with consumer-facing initiatives. Virtual makeup try-ons and diagnostic tests boosted sales. The L’Bel brand was the main sales driver.

John Paul Mitchell Systems

Los Angeles 2023 Beauty Sales: $1.05 Billion (Est.) +7.7% vs. 2022 (Est.)

John Paul Mitchell Systems accelerated its new product pace and rebooted an existing line to help maintain its rank as the leading global hair styling player, based on Kline research. The company’s efforts were amplified by a partnership with the World of Barbie interactive salon, which featured 150,000 guests.

Godrej Consumer Products Ltd.

Mumbai, India 2023 Beauty Sales: $1.03 Billion (Est.) 85 Billion Rupees (Est.) +8.6% vs. 2022 (Est.)

Godrej bolstered its portfolio last year with the 28.25 billion acquisition of the consumer-goods business of compatriot Raymond Consumer Care. With the purchase of men’s personal care brand Park Avenue and wellness brands KS, KamaSutra and Premium, the acquisition significantly expands the group’s presence in the deodorant category, which it sees as underpenetrated with considerable opportunity for growth. Godrej is already present in deodorants with its Cinthol brand. The company maintained its strength in hair color, including in international markets — it is the number-one player in the category in Argentina, sub-Saharan Africa, India and South Asia — as well as its leading positions in hair spray in Argentina and depilatory products in Chile. Strong growth in Indonesia also helped fuel sales gains, although hyperinflation in Argentina negatively impacted top line.

Paris 2023 Beauty Sales: $1.01 Billion €930 Million -2.8% vs. 2022

Declines in Asian duty-free and the consumption slowdown in China weighed on the family-owned firm’s overall revenues last year. Nevertheless, Sisley saw double-digit sales gains in Europe and the Americas and a single-digit increase in the Middle East and the rest of Asia. Sales in Asian duty-free were halved, while Chinese domestic revenues were flat. Fragrance and makeup drove growth category-wise. Hair Rituel benefited from demand for high-end hair care, with its sales up more than 20%.

Poole, U.K. 2023 Beauty Sales: $985.4 Million (Est.) £792.4 Million (Est.) -2.2% vs. 2022 (Est.)

Inflation and pressure on the cost of living dinted Lush’s sales last year, although collaborations — with the Super Mario Bros. Movie, Barbie and Spongebob — helped boost revenues, the company said, as did increased footfall in stores in Japan, Hong Kong and Macau. Lush also launched its first three stores in Taiwan, and entered Vietnam and Albania via partner companies.

Declining sales in the U.S. negatively impacted the company’s numbers overall, and it is working to revitalize its business there.

A new flagship with a store and spa opened in Glasgow, Scotland. Overall, Lush opened 16 new stores and expanded or relocated 12 others.

Walgreens Boots Alliance

Deerfield, Ill. 2023 Beauty Sales: $957.4 Million (Est.) +11% vs. 2022 (Est.)

It was another good year for Boots’ owned-brand beauty products, according to estimates. Sales of No7, the U.K.’s leading skin care brand, increased more than 13% in the three months ended Nov. 30, and Boots’ beauty sales overall — including third-party brands — rose 11.4% for the quarter.

Future Renew under No7, with a world-first “super peptide,” was described as the brand’s largest scientific innovation and the brand’s fastest selling launch ever when it hit the market last April. The line’s hero serum was Boots’ top-selling skin care sku for the year as a whole.

Cavenago Di Brianza, Italy 2023 Beauty Sales: $927.2 Million (Est.) €857.4 million (Est.) +24.4% vs. 2022 (Est.)

Euroitalia’s record sales were driven by the performance of Versace fragrances, especially in the U.S., China and travel retail, where sales grew 25%. The introduction of the Michael Kors license further boosted the company’s portfolio, generating more than €40 million in sales. In spring 2023, Euroitalia announced a licensing agreement for Brunello Cucinelli fragrances, launching the first two scents under the brand via highly selective distribution. Sales of proprietary labels Naj Oleari Beauty and Atkinsons 1799 grew 45% following investments aimed at enhancing their international distribution.

Farmers Branch, Texas 2023 Beauty Sales: $900 Million (Est.) +3.4% vs. 2022 (Est.)

A landmark court case brought by the U.S. Federal Trade Commission against Neora was decided in favor of the company. A Federal court said all of the FTC’s allegations were unfounded. These included operation of a pyramid scheme, false advertising, earnings and product claims, and claims that employees were acting as agents of the corporation. The company acquired ACN Korea, a prominent direct-selling telecommunications and essential services provider in South Korea and a major direct-sales player there. The move extends Neora’s expansion to the Asia-Pacific region.

E.l.f. Beauty

Oakland, California 2023 Beauty SAles: $890 Million +79% vs. 2022

E.l.f. Beauty’s purchase of skin care brand Naturium was only one newsmaker contributing to the company’s explosive growth, which tallied in the hundreds of millions.

The brand’s marketing engine, which includes established and emerging channels like TikTok, Twitch and Roblox, also drove gains across categories, while a partnership with Latin musician Manuel Turizio drove brand awareness in the Latinx community.

E.l.f. was also an early beauty adopter of the Super Bowl marketing machine, with a viral commercial starring Jennifer Coolidge and the brand’s Power Grip Primer. According to the brand, that increased its household impressions threefold.

Sulzbach, Germany 2023 Beauty Sales: $883.5 Million (Est.) €817 Million (Est.) +32% vs. 2022 (Est.)

The German budget cosmetics maker netted its second year of growth of over 30% as consumers gravitated toward purse-friendly options. Cosnova expanded its market share in all regions, and did particularly well at home and in the rest of Europe. Dennis Martin joined as chief emerging markets officer to oversee expansion in new geographies. Social media was a focus area, with platforms like Roblox and Twitch, as was sustainability, with Cosnova hitting its target of completely eliminating microplastic particles, surpassing EU requirements ahead of new regulations coming into force.

Marico Ltd.

Mumbai, India 2023 Beauty Sales: $873.2 Million (Est.) 72.11 Billion Rupees (Est.) +1.8 % vs. 2022 (Est.)

Yunnan Botanee Biotechnology Group Co. Ltd.

Yunnan, China $872.4 Million (Est.) CNY 6.17 Billion (Est.) +22.9% vs. 2022 (Est.)

While top-line growth has remained strong for the skin care player, best known for its Winona brand for sensitive skin, sources suggest Botanee has been slow to adapt to shifting channel dynamics and demand for newness. The departure of its e-commerce head Dong Junzi last March came at a transitional time. With too much reliance on livestreaming, in particular Tmall’s Austin Li, sales at Winona fell, according to Qingyan data. The company is working to reduce its reliance on Winona, with key initiatives including the introduction of Beforteen, a teenage skin care label offering AI consultations. In October, Botanee acquired a 51% stake in Me Group, which had notably bought the Za and Pure&Mild mass market labels from Shiseido in 2022. Me Group’s presence in Southeast Asian markets is expected to help Botanee expand abroad as it aims to double revenue in the next three years.

Bergamo, Italy 2023 Beauty Sales: $863 Million (Est.) €798 Million (Est.) +19% vs. 2022 (Est.)

Kiko SpA had another record year in 2023, boosted by the opening of 82 new stores and expansion to four new countries (Pakistan, Mauritius, Luxembourg and Kazakhstan). By the end of the year, the firm had 1,085 stores in 66 markets. Powerful social media momentum, with multiple products that went viral on TikTok and Instagram, further propelled Kiko’s sales and product demand.

Aix-en-Provence 2023 Beauty Sales: $856.5 Million (Est.) €792 Million (Est.) +19% vs. 2022 (Est.)

Naos saw strong sales across the board for its skin care portfolio. Core brand Bioderma was boosted by star line Crealine/Sensibio, which represents 33% of its revenues and saw sales up 26%. Pigmentbio and Photoderm also grew well. Under Esthederm, Molecular Care and Sun Care performed well, as did Age Proteom, a new antiaging serum that accounted for 12% of the brand’s sales in its first year. Etat Pur expanded into Brazil, Italy, Russia, Mexico and South Korea.

Lima, Peru 2023 Beauty Sales: $820.8 Million (Est.) +20% vs. 2022 (Est.)

Direct-sales beauty company Yanbal had a strong year in terms of sales, according to estimates, as it doubled down on digital innovation with a greater emphasis on acquiring customers virtually. The company also maintained its focus on sustainability, having previously announced that 90% of its plastic bottles will either be reusable, recyclable or compostable by 2025.

Dabur India Ltd.

Ghaziabad, India 2023 Beauty Sales: $771.1 Million (Est.) 63.68 Billion Rupees (Est.) +3.4% vs. 2022 (Est.)

Dabur continued to gain market share across its portfolio in the domestic market, with its highest-ever share in the hair oil category, at 17.1%, at the end of 2023. New products accounted for roughly 5% of total revenues as the company leaned into innovation. In the three months to December, Dabur’s business in Dubai grew 14%; sales in Nigeria were up 52%; revenues in Egypt gained 42%, and Turkish sales increased 44%.

Edgewell Personal Care

Shelton, Conn. 2023 Beauty Sales: $756.1 Million (Est.) +8% vs. 2022 (Est.)

Edgewell bolstered its position in sun care and men’s grooming, and saw strong sales gains in both categories last year, according to estimates. This more than compensated for sales declines in shaving gels and creams. In the last three months of the year, sun care and skin care swelled slightly, in North America and abroad. That counterbalanced minimal gains in men’s grooming, which includes brands Jack Black, Bulldog, Cremo and Fieldtrip, which launched in 2022. Though sales slightly declined in shaving gels and creams, Edgewell said higher prices — coupled with higher sales volumes — helped offset weakening demand in North America.

Finetoday Holdings Co. Ltd.

Tokyo 2023 Beauty Sales: $714.4 Million (Est.) ¥100.17 Billion (Est.) +4.3% vs. 2022 (Est.)

FineToday continued to establish its foothold as an autonomous manufacturer following its creation via the spin-off of Shiseido’s personal care activities in 2021. As it works toward an IPO, the company was renamed FineToday Holdings in January 2023, and restructured to enhance its governance structure and achieve synergies group-wide. It opened the FineToday Beauty Innovation Center in Tokyo last July to enhance R&D and create products in line with demand in Asian markets.

Nu Skin Enterprises

Provo, Utah 2023 Beauty Sales: $681.5 Million (Est.) -19.8% vs. 2022 (Est.)

Macroeconomic pressures in key markets, particularly decreased spending in China and continued declines in the Americas, hampered direct seller Nu Skin’s growth in beauty, as did foreign currency fluctuations. In the fourth quarter, customer numbers fell 15%, while paid affiliates fell 30%. The company also attributed declines to problems with subscriptions in North America and a new e-commerce platform, changes it believes will benefit growth in the long term.

PDC Wellness & Personal Care

Stamford, Conn. 2023 Beauty Sales: $673 Million (Est.) -0.9% vs. 2022 (Est.)

Sales of Dr. Teal’s, Body Fantasies and BOD Man helped PDC Wellness and Personal Care improve in the second half of 2023 after a challenging start to the year. Circana year-end sales ranked Dr. Teal’s as the top-selling bath product in the mass market in 2023 and BOD Man and Body Fantasies consistently placed in the top five fragrance dollar producers. The company said the first six months of 2023 were impacted by a macro-environment where consumer spending was focused on essentials versus discretionary purchases.

Jala Group Co.

Shanghai 2023 BEauty Sales: $667.4 Million (Est.) CNY 4.72 Billion (Est.) +2.6% vs. 2022 (Est.)

Chinese mass market beauty Jala Group is reportedly preparing to go public. According to media reports, the company is mulling an IPO in Hong Kong that could raise up to $500 million.

In January this year, the company officially changed its name to Chando Group Co. Ltd. to reinforce its strategic planning and brand development, creating synergies with its biggest and best-known brand. The move is part of a strategic overhaul and includes plans for internationalization and further digitalization, which has been a key part of its strategy over the past couple of years.

Oriflame Holding AG

Schaffhausen, Switzerland 2023 Beauty Sales: $657.7 Million (Est.) €608.2 Million (Est.) -13.5% vs. 2022 (Est.)

It was another year of notable sales declines for the direct seller, attributed to a fall in its average number of sales consultants, a significant drop in volume and the impact of currency fluctuations. Price increases and savings in administrative expenses were insufficient to compensate for lower sales, sending profits tumbling. Beauty outperformed Oriflame’s activity as a whole, however, according to estimates, as it sought to revamp its portfolio and streamline operations.

Shanghai Jahwa United Co. Ltd.

2023 Beauty SAles: $641.9 Million (Est.) CNY 4.54 Billion (Est.) -2.4% vs. 2022 (Est.)

As one of the oldest and largest Chinese beauty players, Jahwa benefited from renewed consumer confidence in its brands, according to analysts. The company shifted from a brand-oriented structure to a category focus to enhance productivity and fast-track growth online. It doubled down on social commerce, increasing its marketing budget by 22% in the third quarter, although that still trails industry peers. Herborist’s GMV on e-commerce grew in the double digits in the three months to September.

S'Young Group

Changsha, China 2023 Beauty Sales: $640.5 Million (Est.) CNY 4.53 Billion (Est.) +2% vs. 2022 (Est.)

S’Young Group continued to double down on high-end skin care in 2023. Evidens de Beauté, acquired by the company in 2022, opened its first department store counter in Hangzhou, with plans for continued expansion in brick-and-mortar distribution. Jiuqian data shows the brand’s online sales gained 68%. Analysts anticipate the firm will implement a similar strategy for the Pier Augé brand, in which it acquired a minority stake in 2022. While sales growth for S’Young overall was moderate, in January it said it anticipated a significant uptick in its net profits for the year, forecasting between CNY 280 million and CNY 320 million, an increase of between 124% and 156%

Chicmax Cosmetic Co., Ltd

Shanghai 2023 Beauty Sales: $579.7 Million (Est.) CNY 4.1 Billion (Est.) +53.3 vs. 2022 (Est.)

Stellar results on Douyin, where core mass-market brand Kans was number one among Chinese domestic skin care players, and expansion offline through a franchising model led to a significant uptick in sales for Chicmax, according to estimates. While Kans, clean beauty brand One Leaf and children’s skin care under Baby Elephant still accounted for nearly 90% of Chicmax’s revenues in the first half of 2023, the company is quickly incubating new brands.

Hermès International

Paris 2023 Beauty Sales: $532.1 Million €492 Million +9.8% vs. 2022

Recent introductions as well as fragrance pillars contributed to growth in beauty for Hermès last year. Terre d’Hermès, the Jardins collection and Twilly d’Hermès all did well. The company continued to grow its makeup portfolio, adding Regard Hermès, a collection of eye shadow quartets and mascaras, and limited edition lipsticks. While Hermès does not disclose category results by region, it said that overall, it had seen solid performance in all regions despite a high comparison base in the Americas and Asia.

Mandom Corp.

Osaka, Japan 2023 Beauty Sales $515.9 Million (Est.) ¥72.34 Billion (Est.) +13% vs. 2022 (Est.)

Strong sales of seasonal products during a hot summer in Japan, higher-priced products for men and the recovery of women’s cleansing products drove sales gains at home for Mandom last year. Malaysia, Thailand, Hong Kong and Taiwan contributed to growth. In Indonesia, Mandom’s largest single market outside Japan where inflation has hit consumer purchasing power, the firm introduced lower-priced products, and sales fell. Sales of men’s products grew 6.3% in the nine months to December, while women’s products gained 16.2%.

Bloomage Biotechnology Corporation Ltd.

Jinan, China 2023 Beauty Sales: $509 Million (Est.) CNY 3.6 Billion (Est.) -24% vs. 2022 (Est.)

On the increasingly competitive Chinese skin care market, hyaluronic acid specialist Bloomage’s key brands have been losing market share due to a lack of brand awareness and lackluster consumer sentiment. To combat shifting market trends, the company plans to rebrand its main skin care labels, including Biohyalux and Quadha, with a focus on a hero product strategy. In December, Bloomage closed its high-end skin care label RéVT, incubated with French beauty laboratory Revitacare, which it acquired in 2017 to boost its R&D capacity. The company also began to branch out into collagen Type III Protein production.

Oddity Tech Ltd.

New York 2023 Beauty Sales: $509 Million +57% vs. 2022

After crossing 50 million platform users and the $500 million sales threshold in 2023, direct-to-consumer darling Oddity is still on the upswing. The company went public with an IPO in July. Il Makiage grew double-digits in color and expanded in skin care, which now represents 20% of its sales. Skin and hair care brand SpoiledChild, which launched two years ago, saw sales of $110 million and generated a profit. The company slowed its launch cadence, relying on Il Makiage and SpoiledChild to drive growth. Last April, Oddity acquired Boston-based biotech start-up Revela for $76 million and established Oddity Labs as a molecule discovery platform, through which it plans to incubate new ventures, including two new brands set to launch in 2025.

Embelleze Group

Rio De Janeiro, Brazil 2023 Beauty SAles: $492.7 Million (Est.) R$2.46 Billion (Est.) +11% vs. 2022 (Est.)

The Brazilian hair care specialist saw strong growth in its home market. It focused on e-commerce development and enhanced its social media presence. Recharges, Liquid Keratin and products for curly hair were a key focus internationally, where Embelleze continues to increase its presence in newer markets.

Markwins Beauty Brands

City of Industry, Calif. 2023 Beauty Sales: $489.9 Million (Est.) +8% vs. 2022 (Est.)

Markwins continued to address issues with its business model that emerged from the pandemic. The supply chain was streamlined by nearshoring manufacturing to address costs, tariffs and lead times. Digital transformation initiatives included optimized advertising investment, content creation and deployment. Product launches included licensed collaborations between Wet n Wild and the Walt Disney Company featuring Alice in Wonderland.

Yatsen Holding Ltd.

Guangzhou, China 2023 Beauty Sales: $482.2 Million (Est.) CNY 3.41 Billion (Est.) -7.9% vs. 2022

The future of Yatsen Holding hinges upon how soon the company can turn around its flagship makeup brand, Perfect Diary. Last year, it began to reposition and revitalize Perfect Diary, first with a visual identity makeover, then a new hero product called Biolip Essence Lipstick. The company has seen success leaning into the higher margin skin care category with brands including Galénic, Dr. Wu and Eve Lom. Skin care represented 51.7% of sales in the fourth quarter of 2023 and grew 17.6%. But mass market skin care brand Abby’s Choice weighed on overall results, and is to be phased out.

Manzanita Capital

London 2023 Beauty Sales: $472 Million (Est.) +19% vs. 2022 (Est.)

After selling its majority stake in Byredo to Puig in 2022, Manzanita has added to its portfolio with the acquisition of Brooklyn-based fragrance brand D.S & Durga late last year. The niche fine fragrance brand does sales of between $35 million and $50 million globally, according to industry sources, and plans to expand internationally thanks to the deal. Diptyque celebrated its 50 th anniversary and opened a new flagship in New York.

Shanghai 2023 Beauty Sales: $452.5 Million (Est.) CNY 3.2 Billion (Est.) +48% vs. 2022 (Est.)

In 2023, the Gen-Z friendly cosmetics group Joy Group expanded its omnichannel presence by increasing its exposure on Douyin and grew offline, including opening more than 60 boutiques for Judydoll across major Chinese cities and establishing partnerships with China’s top retailers. The labels are currently stocked at more than 10,000 retail outlets, including Miniso and Watsons. In the makeup category, the company was reportedly the number-five brand online last year, and the number-two domestic player. Last October, Joy Group announced a collaboration with Pierre Fabre Laboratories giving it exclusive distribution rights for René Furterer hair care in China, effective January 2024.

White Plains, N.Y. 2023 Beauty Sales: $447 Million (Est.) +5.1% vs. 2022 (Est.)

Combe continued to grow its footprint in 2023, increasing its stake in biotech hair care brand Virtue Labs, in which it is the majority shareholder. Industry sources estimate the brand’s annual sales to be between $70 million and $80 million. Virtue Labs named former P&G, Coty and Google executive Jose Luis Palacios as its CEO; founder Melisse Shaban will continue to serve as an adviser to the CEO and the board. In intimate care, Combe ramped up its presence, acquiring the Astroglide lubricant brand, which sits alongside Vagisil in its portfolio. Just for Men, the leading mass market men’s hair color, per Circana, introduced 1-Day Beard and Brow Color, a temporary brush-in and wash-out color.

The Carlyle Group

Washington, D.C. 2023 Beauty Sales: $445 Million (Est.) -4.3% vs. 2022 (Est.)

It was a tumultuous year for Carlyle’s main beauty holding, clean cosmetics player Beautycounter. Former Shiseido Americas executive Marc Rey, who was named CEO in 2022, stepped down last June, with board member Mindy Mackenzie, partner and chief performance officer at Carlyle, which acquired the brand in 2021, stepping in as interim CEO. Brand founder Gregg Renfrew returned as CEO this February.

Paris 2022 Beauty Sales: $430.4 Million (Est.) €398 Million (Est.) +23% vs. 2022 (Est.)

Despite a slight sales decline in Asia, Caudalie’s growth accelerated in 2023, boosted by growing brand awareness in Europe and the Americas, where sales reportedly boomed. The company is focusing on a hero product strategy in its core markets, and initiatives included a new television campaign throughout Europe as well as collaborations with key opinion leaders. Caudalie and founders Mathilde and Bertrand Thomas were investigated by French authorities for tax fraud concerning accounts for the company’s international operations, according to local press reports.

Fancl Corp.

Yokohama, Japan 2023 Beauty Sales: $421.9 Million (Est.) ¥59.15 Billion (Est.) +1.3% vs. 2022 (Est.)

Fancl saw a slight uptick in turnover for the calendar year. After a steep decline in the three months to March, sales began to pick up for the core of its portfolio. The company increased its focus on advertising and worked to reduce dependence on discount sales events on online platforms. In the nine months to December, Fancl saw a slight increase thanks to makeup and special skin care products, as well as the April launch of Mild Cleansing Oil Black & Smooth, which helped recruit younger consumers.

Guthy-Renker

El Segundo, Calif. 2023 Beauty Sales: $415 Million (Est.) +5.1% vs. 2022 (Est.)

The star wattage of Jennifer Lopez propelled sales for Guthy-Renker’s JLo Beauty. The brand’s skin care entered Macy’s in October of 2023 with 26 of its most popular products, including That JLo Glow Serum and Firm + Flaunt Targeted Booty Balm. JLo is also sold at Sephora, Amazon and via direct marketing. The tried-and-true formula of using famous faces to sell its products also paid off for Cindy Crawford’s Meaningful Beauty skin and hair care line, which expanded into 200 Costco stores with a special value package of its Youth Activating Melon Serum that created a buzz on TikTok.

Betterware De Mexico

Guadalajara, Mexico 2023 Beauty Sales: $410.9 Million 7.28 Billion Pesos +41% vs. 2022

Explosive growth at Jafra Mexico accounted for Betterware’s strong revenue gains in beauty, even allowing for the fact that prior-year numbers only included sales from April onward, when it acquired the Jafra business. The increased revenue resulted from the implementation of an updated business model, which includes refreshing the brand and accelerating product innovation. Initiatives also included redesigning the catalog, enhancing incentive programs and increasing sales force motivation.

Boulogne-Billancourt, France 2023 Beauty Sales: $406.6 Million (Est.) €376 Million (Est.) +20% vs. 2022 (Est.)

It was a record year for Nuxe. The company’s eponymous brand became the third top-selling beauty brand in French pharmacies and parapharmacies and the leading non-dermatological brand. Sales in the rest of Europe doubled, and Nuxe entered new markets in Asia and the Middle East. Premiumization and a focus on core categories were key to growth. Nuxe entered hair care with Hair Prodigieux. Online sales gained 25%, and the firm opened a storefront on Amazon in the U.S. Bucking the trend among beauty majors, travel retail sales grew 25%. Nuxe is also expanding beyond beauty, signing a license with eyewear manufacturer Seaport.

Hangzhou, China 2023 Beauty Sales: $401.6 Million (Est.) CNY 2.84 Billion (Est.) -14.1 vs. 2022 (Est.)

Chinese beauty brand Florasis took a hit on the domestic market — its eyebrow pencil was the root of the backlash over livestreamer Austin Li, China’s leading KOL, who criticized a viewer for saying the product was too expensive during a broadcast. The company is making significant inroads abroad, however. Florasis expanded in Japan, the U.S. and Europe, investing more than CNY 20 million in its global expansion and introducing new products for an international audience. With a distribution center in Osaka, Florasis has plans to open around 25 stores in Japan and 25 across Asia, North America and Europe over the next five years.

Sodalis Group

Lodi Vecchio, Italy 2023 Beauty Sales: $382.7 Million (Est.) €353.9 Million (Est.) +14% vs. 2022 (Est.)

Almost all brands in Sodalis Group’s broad portfolio reported sales increases last year. Skin care brand Dermolab, with sales up 21%, performed particularly well. Biopoint hair care and Deborah makeup also registered double-digit growth, up 16% and 15% respectively. Last year the group acquired Goovi, a buzzy digital-native brand founded by Swiss TV personality Michelle Hunziker, who still retains a minority stake in the brand.

Burt's Bees

Durham, N.C. 2023 Beauty Sales: $379 Million (Est.) -1.6% vs. 2022 (Est.)

Burt’s Bees bounced back from supply and operational disruptions due to a cyberattack in August in the second half of 2023. The company credited a robust holiday season, strong omnichannel sales and a marketing push with limiting year-over-year sales losses. During 2023, Burt’s Bees put significant marketing effort behind facial cleansers and expanded its Shea Collection to include new lip and body care products.

Hoyu Co. Ltd

Nagoya, Japan 2023 Beauty Sales: $374.4 Million (Est.) ¥52.5 Billion (Est.) +1% vs. 2022 (Est.)

The Japanese hair color market leader returned to growth in its fiscal year ended September, with sales reaching 2021 levels and operating income slightly down on a two-year stack, although both sales and profits were still well below 2019 highs. The company worked to address the challenges of a soft market for hair color in Japan and tap into new market segments. On the professional market, coloring line Promaster struggled but hair care brand Bikarte did well. In late December, the Chinese medical regulator suspended imports from the company after a factory inspection, according to media reports.

Arlesheim, Switzerland 2023 Beauty Sales: $371.4 Million (Est.) €343.4 Million (Est.) +5% vs. 2022 (Est.)

After a tough 2022, sales picked up again for natural beauty brand Weleda, according to estimates. Growth drivers included the successful launch of Skin Food Face Care in several markets, including the U.S. and U.K. Former Douglas chief executive officer Tina Müller joined as CEO on Oct. 1, and is charged with doubling down on social responsibility and sustainable growth at the B Corp firm, as well as implementing a holistic approach across its cosmetics and homeopathic pharmaceuticals activities. Müller has said her focus will be on innovation, internationalization, digitalization and premiumization.

New York 2023 Beauty Sales: $365 Million (Est.) +20% vs. 2022 (Est.)

In 2023, Maesa doubled down on distribution both in brick-and-mortar and digitally, as it harnessed the power of Amazon. The company said it experienced significant success launching Hairitage and ITK on TikTok Shop. Mass market fragrance brand Fine’ry rolled out at Target and Maesa launched home fragrance brand Koze Place in 2023 at Dollar General. In July 2023, Maesa launched the # MaesaMagicIncubator for beauty and wellness companies in the pre/early launch phase or that have amassed less than $100,000 in sales.

Alcora Corp.

Miami 2023 Beauty Sales: $350 Million (Est.) -6.9% vs. 2022 (Est.)

After a steep decline in 2022, the direct-seller’s revenues continued to fall last year, according to estimates, albeit at a slower pace. The U.S. and Canada remain Alcora’s biggest markets, but it is reportedly growing fast in Australia, and the Monat brand entered France last April. Core brand Monat entered the color cosmetics category in September with a seven-sku line.

Rare Beauty

El Segundo, Calif. 2023 Beauty Sales: $350 Million (Est.) +200% vs. 2022 (Est.)

Selena Gomez’ Rare Beauty was on fire in 2023. Launched in 2020 at the height of the pandemic, the brand’s messaging surrounding self-love and focus on driving awareness of mental health issues has proved a commercial juggernaut. Sales grew 200% last year, according to industry sources. Rare was social media’s top-ranked beauty brand in the U.S., and is now present in 36 countries, launching in India in 2023. The brand expanded beyond makeup, debuting Find Comfort body care and fragrance mist, and launched Comfort Club, a digital community dedicated to providing strategies for finding comfort and tied to Rare Beauty’s mission to advocate for mental health services.

Noevir Holdings

Kobe/Tokyo 2023 Beauty Sales: $345.3 Million (Est.) ¥48.41 Billion (Est.) +2.6% vs. 2022 (Est.)

Noevir’s sales gains in the 12 months to September were driven by its self-select beauty offer, thanks to updates to its skin care and higher sales of makeup. In what it calls face-to-face channels — mainly its own retail stores and Noevir Beauty Studios — skin care sales declined overall, although the Noevir Speciale line did well. At 3.1%, sales growth accelerated slightly in the three months to December.

Alfaparf Milano

Osio Sotto (Bergamo), Italy 2023 Beauty Sales: $342.8 Million €317 Million +22% vs. 2022

Strong growth continued for the Italian professional hair care specialist in 2023. It invested heavily in communication to enhance its B2C visibility and global brand awareness, notably helping to propel sales of its Alfaparf Milano’s Semi di Lino key line, which expanded its distribution to channels beyond professional retailers and salons. After acquiring 90% of Tricobiotos SpA, which also specializes in professional hair care , in 2022, Alfaparf fully acquired the company last year.

Milbon Co. Ltd.

Tokyo 2023 Beauty Sales: $340.6 Million ¥47.76 Billion +5.6% vs. 2022

Milbon’s mission is to elevate the hair salon industry in the eyes of consumers, with its Smart Salon strategy key to its plan for 2026. In salons integrating the new concept — of which 23 were operating in Japan at the end of the year — sales and customer purchase ratios have doubled. Overall, hair care was the biggest and fastest growing product category, with sales up 7.8%. Hair color sales grew in South Korea. In China, where revenues were up, the company worked on enhancing relationships with salons. Hidemori Sakashita, previously in charge of corporate strategy development, was named president and CEO, effective Jan. 1, 2024, with former CEO Ryuji Sato now chairperson.

Tokyo 2023 Beauty Sales: $331.6 Million (Est.) ¥46.49 Billion (Est.) +0.1% vs. 2022 (Est.)

Lion Corp.’s beauty activity at home decreased as the market for its core cleansing products in Japan contracted, but strong sales abroad, with the weak yen contributing to gains in reported terms, counterbalanced that decline, according to estimates. In Japan, sales of Kirei Kirei Medicated Hand Conditioning Soap and Hadakara Body Soap Foam were stable, but revenues for its liquid version declined. International sales — which include all of Lion’s categories, not just beauty — grew 14.5% to ¥148.07 billion.

Guangdong Marubi Biotechnology Co.

Guangdong, China 2023 Beauty Sales: $328 Million (Est.) CNY 2.32 Billion (Est.) +33.9% vs. 2022 (Est.)

Marubi saw a significant uptick in its business last year, according to estimates, driven by active promotional activity online and better marketing management. Marubi’s sales through Douyin and Kwai gained by more than 30%, and Passional Lover sales grew by around 100%, according to sources. Optimization of the business model and improvements in operating efficiency led to a significant uptick in profits, according to preliminary reports. Last July, Marubi signed an agreement with specialty chemicals firm Evonik to cooperate on raw materials, research and development and production.

Luxury Brand Partners

Miami 2023 Beauty Sales: $317 Million (Est.) +14.9% vs. 2022 (Est.)

In 2023, Luxury Brand Partners expanded its R+Co collection with R+Color, a professional hair color line that is now available in more than 700 locations. IGK Color, an at-home hair color line that launched in 2022, entered new distribution channels: Ulta Beauty and Sally Beauty Supply. One/Size saw growth through the celebrity influence of founder Patrick Starrr and the successful launch of setting spray On ‘Till Dawn.

Paris 2023 Beauty Sales: $315.5 Million (Est.) €291.7 Million (Est.) +10% vs. 2022 (Est.)

Cartier owner Compagnie Financière Richemont is making moves in the beauty space. In September, the Swiss firm said it was setting up Laboratoire de Haute Parfumerie et Beauté, an in-house platform aimed at scaling the brands in its portfolio. Former Dsm-Firmenich alumnus Boet Brinkgreve was named CEO of the division, reporting to company chairman Johann Rupert. Until now, Cartier has been the only fragrance business directly operated by the firm. The other brands in its portfolio with beauty operations are licensed out — Van Cleef & Arpels, Montblanc and Dunhill are held by Interparfums, while Coty has the license for Chloé.

Manchester, England 2023 Beauty Sales: $313.3 Million (Est.) £251.9 Million (Est.)

Despite notching nine consecutive quarters of like-for-like revenue growth and turning around its U.K. personal care business, PZ Cussons has had a tough first fiscal half. It has fallen victim to currency devaluation in one of its largest markets, Nigeria, which represents around 35% of revenue, and 22% of net assets. The company said the volatility has had a “material impact” on its earnings and balance sheet. Nigeria’s soaring inflation has caused further “trading challenges” and forced the company to slash its interim dividend by 44%.

Kolkata, India 2023 Beauty Sales: $311.3 Million (Est.) 25.71 Billion Rupees (Est.) +7% vs. 2022 (Est.)

Modern trade and e-commerce continued to be the biggest sales drivers for Emami’s beauty business last year. New launches included a range of digital-first products in the domestic business, including Glycerine bathing bars under BoroPlus, an Organic Onion hair mask under the Kesh King brand and the introduction of 10 new products on its Ayurvedic online portal Zanducare. The company also launched three new products under the Creme 21 brand in international markets.

Paris 2023 Beauty Sales: $297.4 Million (Est.) €275 Million (Est.) +10% vs. 2022 (Est.)

The historic — and reportedly highly profitable — luxury fragrance brand, which according to estimates holds as much as a 10% share of the global luxury and artisanal fragrance market, has a new owner as luxury goods heavyweight Kering moves back into the beauty space. Kering’s deal for Creed, which it bought from BlackRock Long Term Private Capital Europe and chairman Javier Ferrán, was estimated by industry sources to be worth €3.5 billion based on revenues of €250 million for the year ended March 31, 2023. Creed was integrated into the Kering portfolio on Nov. 1, doing €62 million in sales in the final two months of last year.

Dr. Wolff Group

Bielefeld, Germany 2023 Beauty Sales: $293.8 Million (Est.) €271.7 Million (Est.) +7.5% vs. 2022 (Est.)

Alpecin’s Gray Attack shampoo for men, which gradually darkens hair without dye, was a sellout at launch in German drugstores and online and the company’s bestselling launch ever, according to Dr Wolff Group. Salon brand Alcina leaned into trend-driven product launches, while Linola enhanced its offer for dry skin and relaunched its range for babies and children.

Parlux Holdings

New York 2023 Beauty Sales: $291 Million (Est.) +15% vs. 2022 (Est.)

Parlux Holdings’ growth in 2023 was once again driven by Eilish by Billie Eilish, global expansion of Eilish No. 2 and the launch of Eilish No. 3. Altogether, global sales of Eilish fragrances were up 40% year-over-year.

Paris Hilton Fragrances saw growth of 6%, fueled by her 29th fragrance , Love Rush. Elsewhere, Vince Camuto grew by 7% and Kenneth Cole Fragrances increased 34% in the U.S., driven by the Mankind Rise franchise.   In 2023, Parlux signed new license agreements including Better World Fragrance House by Drake. 

Davines Group

Parma, Italy 2023 Beauty Sales: $285 Million €263.5 Million +14.3% vs. 2022

The ever-increasing appetite for natural beauty products sustained Davines Group’s success and boosted growth in its 40 th anniversary year, further securing its leading position in the professional channel. Its best-performing market was North America, where sales surpassed the €100 million milestone. Sales for the hair care division accounted for 80% of total revenues. The company cut the ribbon of its new subsidiary Davines House in Düsseldorf, Germany, and further expanded its headquarters in Parma.

Church & Dwight

New Jersey 2023 Beauty Sales: $250 Million (Est.) N/A vs. 2022 (Est.)

Church & Dwight is growing its beauty portfolio thanks to its acquisition of acne patch specialist Hero Cosmetics in September 2022 for $630 million. The brand has seen exponential growth — around 70% last year, according to estimates – thanks in part to a rollout to international markets and distribution expansion via Walmart and CVS Pharmacy in the U.S. Hero continues to expand, launching new product categories with the introduction of balm products in early 2024.

Anastasia Beverly Hills

Los Angeles 2023 Beauty Sales: $243.6 Million (Est.) -6.3% vs. 2022 (Est.)

Anastasia Beverly Hills has seen a dip in sales, potentially due to increased competition for key products. The brand focused on partnerships, tapping Filipina motorsport star Bianca Bustamante as its first athlete ambassador and collaborating with beauty membership service IPSY on its Icon Box with CEO and founder Anastasia Soare as the first curator. Product launches focused on eyes and lips, including eye shadow palettes and a range of tinted lip glosses.

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Moscow Vacation Packages

Moscow vacations are always a great idea when it comes to traveling in Russia. Plan your trip to Moscow with a leading tour operator for Russia and enjoy the ease and pleasure that comes from it. You will stay at the centrally-located hotels, enjoy guided tours to Moscow's best sights with charming local guides, and, most importantly, feel relaxed and immersed in the Russian culture at all times. Wondering what the ideal way to see the best of Moscow is? Well, with a private tour to Moscow, of course! We will listen to your travel preferences and prepare a custom Moscow itinerary just for you. Let's start talking about your upcoming vacation to the gorgeous capital city of Russia.

Moscow Tour Highlights

Explore the capital of the largest country in the world, Russia.

Learn about the most visited sights in Moscow that are worth adding to your Russian itinerary. Create a fantastic tour to Moscow with a destination, choosing your wished activities.

• Moscow walking tour
• The Red Square
• St Basil's Cathedral
• Moscow Subway ride
• Tretyakov Gallery
• The Red Square in Moscow
• The Bolshoi Theater
• Cathedral of Christ the Savior
• Moscow's Kremlin exploration
• 'Seven Sisters' Skyscrapers

Tips for Moscow Travel

Take a look at the good-to-know tips before visiting Moscow and have a fantastic time in the capital.

What to pack

Make sure to check the weather prognosis before your trip and pack accordingly.

When to travel

Moscow is beautiful all around the year. Choose traveling time according to preferred activities.

We suggest to always have some cash with you. You will need Rubles (RUB) for Russia.

How much to tip

Tipping is not required in Russia, but it's considered good etiquette, tip 10%-15% of your bill.

The average summer temperature is approx 18°C (64°F), and winter is around -6°C (22°F).

Some of the most popular souvenirs from Moscow are caviar, Krasnaya Moska perfume.

Best Moscow Sights

One of the highest points in Moscow and one of its most breathtaking places - the Sparrow Hills.

See the 344-feet Cathedral of Christ the Savior - the tallest Orthodox church in the world.

Enjoy masterpieces of Russian opera and ballet in Moscow's legendary Bolshoi Theater.

Being the most recognizable symbol of Russia in the world, Red Square is an absolute must see when in Moscow. 

The famous GUM is a large department store in the Kitai-gorod part of Moscow facing Red Square.

History and luxury is revealed inside the Kremlin as the Armoury Chamber displays treasures like Faberge Eggs.

St. Basil’s Cathedral is Moscow’s most famous artistic work of architecture set in the romantic Red Square.

The symbol of Moscow and entire Russia, the Kremlin is often described as the 8th Wonder of the World.

Moscow Metro is like a whole underground city that holds the world's largest collection of Stalinist Art.

I am very satisfied.

I have been using the Firebirds (Travel All Russia) services for a while. I am very satisfied.

WOW. From the choice of hotels to...

WOW. From the choice of hotels, an itinerary that ran to plan, the amazing Guides and drivers, and of course the stunning cities of Moscow and St Petersburg. No long queues for entry to museums, churches, and palaces.  I would gladly recommend using Firebird Tours (Travel All Russia) to anyone.

THANK YOU for making this happen for me !!!

I must say from the day I started to book my tip till the day I got home I had one GREAT trip and experience I always felt safe and cared for help was seconds away not that I needed any I will defiantly highly recommend your company to any traveler to Russia WELL DONE to the Whole team THANK YOU for making this happen for me !!!

We enjoyed the whole trip a lot

Overall we enjoyed the whole trip a lot. Moscow is beautiful and clean. Thank you very much for your patience and excellent organization of this tour. Everything ran very smoothly and according to schedule. The guides met us on time at hotels or at our train carriage on arrival. They all spoke good English, had a good local knowledge and were very kind and helpful.

The tour lived up to all expectations

I’m most pleased with Travel All Russia in arranging our ‘Volga Dream’ Russia tour, I would recommend using your services again as every aspect of our tour went off without a hitch. The communication between our tour representative was excellent as we required additional days on both ends of our tour. The visa process and the logistics were flawlessly implemented.

We had a great time in Moscow!

Everything was perfect and we are very satisfied with services and accommodations.

Loved my time in Russia

The trip was great. Especially want to mention the guides I had on the extra days were exceptional. Both guides and drivers worked out well. Thanks again for all your help and attention. Loved my time in Russia, and still haven’t stopped talking about it.

Exploring Magnificent Russian Capitals, June 2017

Just want to say that our guide in St Petersburg was really outstanding. You really felt like someone was looking after you. Very observant - knowledgeable. We really enjoyed time spent with her.

Exploring Vibrant Moscow, June 2017

The experience was great!!! We had an excellent guide. The hotel was fabulous.

Thank you for your help !!! was an unforgettable trip.

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Moscow Tours & Travel Packages 2024/2025

Our 60 most popular moscow trips. compare tour itineraries from 45 tour companies. 308 reviews. 4.7/5 avg rating., popular moscow tours.

St Petersburg & Moscow in Style - Winter

• Explore the majestic St Petersburg & Moscow on private city tours
• Admire the rich Russian history, art and architecture
• Travel to Moscow on a highspeed train
• Enjoy the local cuisine in stylish restaurants

Lower Volga Voyage

• Visit magnificent Red Square and Kremlin and examine the collection at theKremlin’s State Armory.
• Experience Russia’s diverse musical traditions at lively folk music performances
• Explore Volgograd, the site of the decisive battle of World War II’s eastern front

Volga Dream Russian River Cruise

St Petersburg & Moscow in Style - Summer

White Russian - 7 days

• Discover Moscow's UNESCO-listed Red Square, home to spectacular St Basil’s Cathedral, Lenin's Mausoleum and the historic GUM Department store
• Explore the grounds of Moscow's mighty Kremlin, with its numerous governmentbuildings, gold-domed cathedrals and the giant tsar bell
• Celebrate New Year's Eve in Moscow!
• Take in the highlights of St Petersburg including a guided tour of the exquisite Church on Spilled Blood, Peter & Paul Fortress and Cathedral
• Take a guided tour of the remarkable Hermitage Museum at the Winter Palace

Vodka Shot - 6 days

• Explore the beautiful city of St Petersburg, including the exquisite Church on Spilled Blood, Peter & Paul Fortress and Nevsky Prospekt
• Marvel at the dazzling array of art and exhibits in the world-famous Hermitage Museum, at the Winter Palace in St Petersburg
• Discover a lavish residence of the tsars on a day trip to Catherine Palace at Tsarkoe Selo (winter: mid-October to April) or Peterhof Palace and gardens (summer: May to mid-October)
• Take in the highlights of the capital on a walking tour, visiting Moscow's famous Red Square, home to the historic GUM Department Store, Lenin’s Mausoleum and spectacular St Basil’s Cathedral
• Take a guided tour of the Moscow Kremlin, Russia’s political power house. Stroll around the grounds of this fortified complex, visit the Kremlin's cathedrals and see the mighty Tsar Bell

Route of the Romanovs - 10 days

• Learn about the last days of the Romanovs in Yekaterinburg, visiting the sites where Tsar Nicolas II and his family were assassinated and buried
• Straddle two continents at the famous obelisk Europe/Asia border marker in Yekaterinburg
• Experience the Trans-Siberian railway on an overnight train journey from Moscow to Yekaterinburg

New Year's in Moscow - 9 days

• Visit Catherine Palace at Tsarkoe Selo on Christmas Day and marvel at the incredible Amber Room
• Spend a night in Novgorod, an ancient city by the Volkhov River - explore the kremlin, cathedral and other sights and enjoy a traditional Russian banya (sauna)

All Moscow , expedition cruises, self guided adventures and vacation packages. Find the best guided and expert planned vacation and holiday packages. Read more about Moscow

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Back in the USSR - 7 days

Russian Revolution - 9 days

• Visit historic Novgorod, an ancient city which straddles the Volkhov River. Explore the attractive riverside kremlin and experience a traditional Russian banya (sauna)

The Snowball - 6 days

• Visit Catherine Palace at Tsarkoe Selo and marvel at the incredible Amber Room

Mood for Moscow - 4 days

• Head underground to visit a Stalinist-era Soviet Bunker on an optional excursion
• Stroll to the vibrant Izmailovo Market, which lies behind the walls of an ancient Kremlin, and shop for an array of souvenirs

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Moscow reviews & ratings, capitals of the north.

some hotels could have been better

It was jam packed with every place I wanted to go and see. I especially love my photo of us setting out on the night time river cruise in St Petersburg and the Peter...

I really did not buy much and what I did buy was small gifts for others .

Johanna-Marie

Good hotels, some better than others. Interesting itinerary

Too rushed. Optional tour rather too short

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Amazon Prime Day 2024: Here's what to expect, tips, and tricks

When you buy through our links, Business Insider may earn an affiliate commission. Learn more

Amazon Prime Day has grown into one of the biggest sales events of the year, with discounts rivaling those of Black Friday and Cyber Monday. With so many retailers selling on Amazon, Prime members can save on just about anything, from viral beauty products to new unlocked smartphones.

The best Prime Day deals we saw last year included all-time lows on brands like Apple, Vitamix, iRobot, Dyson, Crocs, and, of course, Amazon-owned products like the Fire TV , Kindle e-reader , and Echo smart speakers . We expect to see more of the same this year as well.

It'll be the first major deal holiday of the year, so it's an awesome chance to score summer discounts on big-ticket items and household staples. The retailer's 10th Prime Day event has officially been announced to arrive in July, but the actual days are still unknown. In the meantime, we're keeping tabs on all of the latest Prime Day news, and we'll keep you updated with our findings here.

• Shop the latest deals at Amazon

When is Amazon Prime Day 2024?

Amazon Prime Day is officially coming this July, though the exact days have not yet been announced. In past years, it kicked off on the second Tuesday of the month. If Amazon follows the same trend, it will take place on July 9 and 10. We'll keep this story updated as more details are announced.

What is Amazon Prime Day?

Amazon Prime Day is the retailer's annual mega sale and one of the major benefits of Prime membership. It's a two-day sales event, usually during the summer, that features products from every category, from fashion staples to hot new tech. 

Though it used to be a deal holiday of a much smaller scale, Prime Day has grown exponentially since the first one in 2015. Now, you can find almost everything on sale for all-time low prices, matching discounts we see during Black Friday and Cyber Monday. 

What should I buy during Amazon Prime Day?

Everything is fair game to buy during Amazon Prime Day. Whether you've been holding out on a pricey new TV or just need to stock up on toiletries, Prime Day is a good time to make your move. 

Last year, we saw incredible prices on tech, including 4K TVs , Fire TV streaming devices , Apple products, Kindle e-readers , PC gaming accessories, Echo smart speakers , and top headphones picks. Prime Day tech deals featured brands like Logitech, Bose, Jabra, Sony, Roku, Samsung, TCL, and more. 

If you're looking for style and beauty deals during Prime Day, last year, brands like Tommy Hilfiger, Tatcha, Laneige, Levi's, Carhartt, Anastasia Beverly Hills, Adidas, and Marc Jacobs all featured products at rare low prices. That means skincare, makeup, shoes, men's clothing, women's fashion, and accessories will all be available for less. 

Home and kitchen products saw no shortage of Prime Day deals either, with big names like Dyson, Shark, iRobot, Philips, KitchenAid, Nespresso, Casper, Leesa, and OXO down to all-time lows for the event. So, whether you need an air fryer , robot vacuum , mattress , or just some sturdy mixing bowls, Prime Day is a good time to buy. 

You don't need to be focused on fancy new gadgets or treatments to shop smart during Amazon Prime Day either. We also catch tons of affordable household essentials available for even less every year, like toilet paper, dish soap, doggy bags, and makeup wipes. These deals are sweet, since they save you money on stuff you needed to buy anyway. 

How long do Prime Day deals last?

How long a Prime Day deal lasts differs between items, but in general, the best discounts will start during the event and end before the 48-hour holiday is over. Some will last the whole two days while others will only last one, so it's always wise to act on a good sale when you see it. Lightning deals especially go fast, the most popular of which dwindle away in less than an hour.

I always recommend buying a product you've had your eye on as soon as it's highlighted as a Prime Day deal. Regardless of how long it's set to last, oftentimes the best sales run out of stock, resulting in shipping dates being pushed out, or the deal no longer being offered at all. We'll be providing all of the deal context you need to shop confidently and quickly, so be sure to check our roundups of the best discounts when the event rolls around. 

Do you need to be a Prime member to shop Amazon Prime Day?

Amazon Prime Day is locked to Prime members only. It's one of the major benefits of subscribing to the service, in addition to other perks like free two-day shipping and Prime Video streaming. 

If you have yet to become a member, you can sign up for a free 30-day trial to test it out. Once the official Prime Day dates have been announced, you can even time your free period to overlap with the sale, but it's not a guarantee since sometimes retailers will lock out free members from shopping the best deals.

Do other stores participate in Prime Day?

Although Prime Day is an Amazon-specific event, it's grown so large that other major retailers have started kicking off competing sales to overlap with it. No one has announced a competing Prime Day sale just yet, but if past years are any indication, Walmart, Target, and Best Buy will likely be holding their own events.

These are definitely worth checking out; they often match the best deals on popular items you can find from Prime Day. We'll also be rounding these deals up so you can shop from the retailer that best suits you, whether you're a Target Circle cardholder, My Best Buy Plus member, or Walmart Plus subscriber. 

Is Prime Day an international event?

Prime Day occurs in several other countries, but not all of them. Here's a list of countries where Prime Day will be available to shop:

• Netherlands
• Saudi Arabia
• The United Arab Emirates
• The United States
• The United Kingdom

Want to see what Amazon has on sale right now? We've spotted some hefty price cuts on electronics, fashion, home, kitchen, laptops, and more on its main deals page .

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Top summer travel destinations for 2024: These international spots were the most searched

Delta air lines said cities in england, france, mexico and more were the top searched this year.

Delta Air Lines CEO: Summer travel volumes busiest in history

Ed Bastian discusses the challenges facing the airline industry as labor shortages persist on 'The Claman Countdown.'

Delta Air Lines released its second annual most-searched summer destinations for 2024 — and these international travel stops appear to be top of mind. 

The major airline revealed the top 10 international summer destinations that travelers searched for the most — from Nov. 1, 2023, to March 18, 2024 — in order to to compile this list. 

A spokesperson for Delta Air Lines told Fox News Digital on Tuesday that searches for the top 10 spots increased, stressing the continued interest in travel abroad. 

"This year’s data shows the strong interest in international destinations from our customers with searches to these top 10 cities up more than 150% compared to last year," the spokesperson said.

GOOGLE FLIGHTS SAYS THESE ARE THE TOP SUMMER TRAVEL DESTINATIONS OF 2024

See if your summer travel destination made the most popular list.

Here's the list — in a countdown from 10 to 1. 

Delta Air Lines said that while the search requests were high, they were 3% lower than last year at the same time.  (iStock / iStock)

10. Vancouver, British Columbia

9. barcelona, spain.

VACATIONING ON A BUDGET? HERE'S HOW YOU CAN SAVE ON AIRLINE TICKETS

Dublin made the top 10 list this year for the first time. (iStock / iStock)

6. Amsterdam

7 WAYS YOU CAN STILL SAVE ON SUMMER TRAVEL

5. Cancun, Mexico

Cancun, Mexico, made the list of some of the top searched summer international destinations. (iStock / iStock)

4. Athens, Greece

Paris was the second most searched summer destination on Delta.com. This is also the location for the 2024 Olympics. (iStock / iStock)

London topped the list of the most searched international summer destinations on Delta.com. 

The company noted that other popular spots with nonstop service were Venice, Italy; Tulum, Mexico; and Naples, Italy. 

RISING COSTS ON FLIGHTS: WHEN TO BOOK, AND WHAT TO EXPECT

Athens, Greece, the fourth spot on the top list, increased its search popularity by 248% from last year, according to a Delta Air Lines spokesperson. 

"Athens, Greece, saw the most notable increase with searches to this historical city tripling compared to summer 2023," they noted.

The airline explained that Dublin, Barcelona and Vancouver were new additions to the top searched destination list this year. 

London was the top searched international summer destination for 2024.  (iStock / iStock)

Last year, Google Flights also ranked London as the most desired international summer destination — along with Cancun, Paris, Rome, Tokyo, Amsterdam, Athens and others.

In terms of domestic destinations, Delta Air Lines said some of the top searched locations within the U.S. were Las Vegas, Orlando, Miami and Honolulu. 

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The Vacationer recently released a survey for expected 2024 summer travel — which found that 82% of Americans plan to travel this summer. 

Although a high percentage, the number is down 3% from summer 2023. 

Travel experts also noted that nearly 52% of Americans will fly to their destination, but 75% of Americans will plan at least one road trip as well. 

Delta Air Lines announced the top searched summer destinations for 2024. Check out these international hot spots.  (iStock / iStock)

The survey also found that less than 21% of those road trippers will go within 250 miles of home, while 5.8% will travel over 1,000 miles to their destination. 

CLICK HERE TO READ MORE ON FOX BUSINESS  

For those looking to travel during peak summer months, such as June, July and August, six-year flight attendant Bernice Padilla told SWNS that she recommends aiming for May or September instead. 

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"May and September are great months to travel as they’re before and after peak summer here in the U.S.," she said. 

Padilla noted that these tend to be in the "shoulder" seasons and have fewer travel demands with fewer crowds and "more affordable prices."

Fox Weather’s Emilee Speck contributed to this report.    

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• Moscow Tours

Our 20 Best Moscow Tours of 2022

Join us on an unforgettable tour to Moscow, the capital of Russia. Imagine visiting Red Square, St. Basil’s the Kremlin and more. Moscow is one of Europe’s most vibrant cities and one of Russia’s most historical. All of our tours to Moscow are fully customizable and can be adjusted to fit any budget. Our most popular tours are listed below. Please click on the tour details to learn more or contact us for more information about our Moscow tours using the form at the side of the page. You can also schedule a call with one of our Russian travel specialists to learn more.

Classic Moscow

This is our most popular Moscow tour that includes all the most prominent sights. You will become acquainted with ancient Russia in the Kremlin, admire Russian art in the Tretyakov Gallery, listen to street musicians as you stroll along the Old Arbat street, and learn about Soviet times on the Moscow Metro tour.

Accommodation

PRIVATE TOUR

A Week in Moscow

This tour is a perfect choice for those who wish to get to know Moscow in depth. One of the highlights of this package is the KGB history tour which gives an interesting perspective on the Cold War. You will also have time for exploring the city on your own or doing extra sightseeing.

Weekend in Moscow

This tour is a great way to get acquainted with the capital of Russia if you are short of time. You will see all the main attractions of the city, the most important of which is the Kremlin - the heart of Russia. The tour starts on Friday and can be combined with a business trip.

Group Tour Moscow Break by Intourist

Russia's capital has so much to offer, from the Kremlin and the Metro to the Old Arbat street and the Tretyakov Gallery. Besides these sites, you will also visit a fascinating country estate which today is quite off the beaten path, Gorky Estate, where the Soviet leader Lenin spent the last months of his life.

Kolomenskoye Tour with transport

The history of Kolomenskoye stretches back for centuries. In 1380, Dmitri Donskoi’s army passed through Kolomenskoye on their way to the Kulikovo battlefield, and it was...

Tours by car

Kremlin, Red Sq., Cathedrals & Armory Tour

The Kremlin is truly a fascinating structure, at the same time it is an ancient tower, the city’s former military fortification, a palace, an armory, the sovereign treasury...

Walking tours

Kremlin, Red Sq., Cathedrals, Armory, Diamond Fund Tour

Old Arbat walking tour

You will be told of the street’s interesting history and view the street’s artisan culture. You will also have the opportunity to view and purchase souvenirs from the...

Tour to Sergiev Posad with transport

Considered by some to be the Russian Vatican, Sergiev Posad is the temporary residence of the Patriarch of the Russian Orthodox Church. The Trinity St. Sergius Monastery (Lavra)...

Tour to Kuskovo with transport

The Kuskovo Estate often called the Moscow Versailles due to its perfectly preserved French park, is an example of an 18th century, luxurious Moscow summer residence. Its history...

Tour to Tsaritsyno with transport

The Tsaritsyno Estate is located in the southern part of Moscow. The estate was constructed for Catherine the Great by the Russian architects Bazhenov and Kazakov in a romantic...

Moscow Metro and Old Arbat Tour

The Moscow Metro is one of the largest and most grandly built metro systems in the world. It was meant to be a showcase of the Soviet Union’s achievements for both the Russians...

Vodka Museum Tour with transport (excursion and vodka tasting)

Vodka is an important component of Russian life, an element of national identity and everyday culture. We invite you to visit the Vodka Museum and feel the atmosphere of long-gone...

Mikhail Bulgakov Apartment Museum

This apartment museum located close to Patriarch Ponds became the prototype of the "bad apartment" described in the novel "The Master and Margarita." Currently the museum's...

Kremlin, Red Sq., Cathedrals & Diamond Fund Tour

The State Museum of Lev Tolstoy Tour

Take this opportunity to learn more about the Russian writer Lev Tolstoy. During the visit to the museum you will see part of a vast collection of exhibits connected to Tolstoy...

Novodevichy Convent Tour with transport

Tour of the Novodevichy Monastery. Founded in 1524 by Grand Prince VasiliIoanovich, the original convent was enclosed by fortified walls and contained 12 towers. The structure...

City Tour with Visit to St. Basils & Red Sq. with transport

Panoramic City Tour. This Moscow tour is a great start to your trip and the best way to get acquainted with many of the city’s major highlights. Our professional guide will...

City Tour of Moscow

Head to the heart of Moscow with a professional guide on a 4-hour private walk through the city center. See Tverskaya and Old Arbat streets, Theatre Square with the world-famous...

Moscow Metro walking tour

Kremlin, Red Square and Cathedrals Tour

KGB Tour with transport

This is a very interesting and insightful tour. You will visit places connected with Stalin’s terror - a time of great repression and fear. You will be shown monuments to...

Soviet and Post-Soviet Moscow Tour

The tour begins with a drive or walk down Tverskaya Street – a Soviet masterpiece. In the years of Soviet power, Tverskaya began to undergo a transformation: it was widened...

Tretyakov State Gallery Tour

This world-famous gallery contains masterpieces of Russian art beginning in the 10th century up until today. You will view exquisite Russian icons and paintings from the 18th and...

Jewish Heritage of Moscow Tour

This tour offers a detailed look into the history and present-day life of the Jewish community of Moscow. On the tour, you will visit sites connected with the cultural and religious...

Vodka Museum Tour with transport (excursion only)

Lena, our guide in Moscow was excellent. She was very knowledgable and could answer any question we had for her. We liked that she could pick up on our interests and take us places we might not have thought of to go. When we realized that one of the places we had chosen to see would probably not be that interesting to us, she was able to arrange entry to the Diamond Fund and the Armoury for us. Riding the Metro with Lena was a real adventure and a lot of fun. In Saint Petersburg we found Anna well versed in the history of the Tsars and in the Hermitage collection. Arkady in Veliky Novgorod was a very good guide and answered all of our questions with ease. Novgorod was perhaps a long way to go for a day trip, but we did enjoy it. Vasily was a great driver to have and kept us safe with good humour and skill. We enjoyed ourselves so much, my daughter says she is already planning to return. We would both have no hesistation to recommend ExpresstoRussia to anyone we know.

Just wanted to let you know that My grandson Bruno and I couldn´t have been more pleased with our week in Moscow (6/15 - 6/21). We were absolutely enchanted with the whole experience, including getting lost a couple of times in the Metro during our free time. Although both our guides (both Eleanas) were excellent, I would particularly commend the first one (she took us to the Tatiakov, the KGB tour, and to that beautiful cemetery where so many great Russian artists, authors, composers, musicians, militarists, and politicians are buried). Her knowledge is encyclopedic; and her understanding of today´s Russia as a product of its past was, for us, truly enlightening. I will be taking another tour in Russia, with my wife, within the next two or three years. I will be in touch with you when the time comes. Meanwhile, I will refer you to other potential visitors to Russia as I meet them.

Tours to Moscow

Our Moscow tours are land only meaning that you arrange your own air travel to Russia and our expert staff meets you at the airport and handles everything else from there. Our online Airline Ticket booking system offers some of the most competitive rates to Russia available on the web so if you need tickets, please visit our Russian air ticket center . Rest assured that you will be taken great care of on one of our Moscow tours. Express to Russia has a fully staffed office in Moscow that will help to make your visit fun, informative and unforgettable. Please remember that of all these tours are private and can be adjusted to your taste. You can add, replace or skip some sights; you can add more days to the package or cut the tour short. Our specialists will be glad to help you create the tour of your dreams!

Moscow, a City Like No Other

Moscow is Russia’s largest city with a population of between 12 and 13 million. It is also Europe’s largest city and when you visit Moscow, you can feel it. The layout and architecture of the city is eclectic, ranging from crooked, ancient streets and alleyways to wide, bustling boulevards, from medieval churches to Stalin skyscrapers and to modern, glass buildings towering over everything and of course in the center of it all is the Kremlin and the magnificent Red Square. Moscow is also home to a fantastic, efficient and very beautiful metro system – each station having its own special design. In fact, Express to Russia’s Moscow metro tours and excursions are some of our most popular attractions that we offer. On our Moscow tours, you will see this and more.

Moscow Tours centering on Russian History

Moscow has a long and interesting history and has been the capital of Russia in many of its different iterations – capital of the Grand Duchy of Moscow , the Russian Empire and of course the Soviet Union (who could ever forget the Soviet Union?). Moscow, was founded in the 12th century by Prince Yuri Dolgaruki (Yuri of the long arms – he really did have long arms!). From that time on, it was home to the Russian Tsars until Peter the Great moved the capital to St. Petersburg in 1703. The city has survived invasions and sieges from the Mongols, the Tartars, the Poles, Lithuanians and Napoleon but has always persevered. Our Moscow tours will enlighten you on this great history and give you insights into Muscovites and their unique culture. Our Moscow tours show you what the city is like today but also brings to life the past. Moscow never seems to sleep and is bursting with energy. A Moscow tour with Express to Russia is truly the best way of getting to know Russia’s largest and most vibrant city.

Frequently Asked Questions From Our Travelers

What is the best time to visit moscow.

Any time of year is fine depending on what you plan to do. Summertime is pleasantly warm, ideal for exploring the city and its vibrant atmosphere, but Moscow will be much busier and accommodation is more expensive. Winter can be quite cold but beautiful nonetheless, and this is unproblematic if you intend to spend most of your trip in museums and galleries. There are also various festivals and events organised throughout the year. For more information about the best time to visit, read our guide

How many days are enough in Moscow?

If you plan your itinerary strategically and aren’t averse to a packed schedule, you can cover Moscow’s main sights over a long weekend. Most popular attractions are in the city centre, and the Moscow Metro allows you to cover much ground in a small amount of time. Ensure that your accommodation is fairly central and book tickets in advance, so that you can make the most of your days. For an informative and well-organised day out, check out our Moscow day tours with options to suit all interests.

Do they speak English in Moscow?

As Russia’s capital city, tourists are well accommodated in Moscow. There should be English-speaking staff in restaurants, bars, hotels, shops and attractions in tourist hotspots, and there are also English-speaking tourist police. Transport services have English translations on their maps and English announcements via intercom; alternatively, order taxis from the Yandex Taxi app (Russian Uber), though it’s unlikely that your taxi driver will speak English. If you get stuck and cannot communicate, it’s fine to use Google Translate.

Is it safe to travel to Moscow?

It is no less safe to travel to Moscow than to any European city if you exercise common sense and look after your belongings. As with every city some regions can be more unsavoury than others, but no tourist attractions are located there. The traffic in Moscow is notorious, so exercise caution when crossing roads. Do not take unlicensed taxis; book in advance or take public transport, which is widespread and perfectly safe. If you encounter any problems, look for the special tourist police who can help you. For more information, read our guide about staying safe in Russia .

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