Each year, the beauty industry grows a little larger. The current estimation is that this sector will be worth over 250 billion dollars in 2017. This includes cleansers, make up, hygienic products, and fragrances. There are dozens of brands used all over the world – some more common than others.
What many are unaware, nonetheless, is how much of these products are actually linked together. Despite being very different from one another, a lot of these brands are owned by one of eight parent companies. Kao, Coty, L’Oreal, Johnson & Johnson, Shiseido, LVMH, Beiersdorf, and Unilever are major stakeholders in the beauty industry.
A lot of these brands are already household names while a few are lesser known. Regardless, it can be quite surprising to discover the monopolizing effect of these eight companies. Take a look at the image below from DreamModels.dk to see just how many brands are owned by these major companies: