Inglot Cosmetics: How a small firm with vision successfully challenged established business rules - SPi Reports

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Inglot Cosmetics: How a small firm with vision successfully challenged established business rules - SPi Reports
Inglot Cosmetics: How a small firm with vision
successfully challenged established business rules
Inglot Cosmetics: How a small firm with
vision successfully challenged established
business rules
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Inglot Cosmetics: How a small firm with
vision successfully challenged established
business rules
Introduction

Inglot Cosmetics (Inglot), a Polish cosmetics company founded in 1983, has evolved from a company
known for selling cheap, powdery eye shadow trios in Polish supermarkets to one of the most
internationally recognizable Polish consumer brands. It has achieved this while financing its growth
solely with revenues from current operations and relying on word-of-mouth marketing.

Features and benefits

* This case study identifies the size, growth, drivers and leading players in the global make-up
market.
* Looks at the future growth prospects of the global make-up market with forecasts.
* Compares sales categories within the global make-up market.
* Examines the opportunities presented by Halal cosmetics.

Highlights

The global make-up market is driven by increasing demand for advanced and sophisticated cosmetic
products. While many Western cosmetics markets are reaching their saturation point, emerging and
developing economies present lucrative revenue opportunities. Halal cosmetics are rising as one of
the fastest growing consumer segments in the world.
Inglot Cosmetics started as a chemical producer and within only a few years, taking advantage of the
changing political situation in Poland, the company became a large cosmetics manufacturer with a
presence at all major beauty gatherings and events around the globe.
Within 20 years Inglot expanded rapidly and established its presence on six continents, in more than
57 countries. Its growth strategy relies solely on a franchise model. At present, Inglot is a record-
setter among Polish firms selling abroad. Its breathable nail polish formula, called O2M, became a
surprise hit with Muslim women.

Your key questions answered

* How is Inglot successfully challenging established business rules to fight for a place in a difficult
market?
* What are the threats and opportunities in global make-up market?
* Who are the main competitors and the main selling categories within the global make-up market?
* What are the main growth drivers of the global make-up market?

Additional Details
Publisher : Marketline
Reference : ML00017-027
Number of Pages : 26
Report Format : PDF
Publisher
Order at: Information :
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MarketLine is a global publisher of company, industry and country information. Their clients operate
across a wide variety of industries and job functions and range from multinational corporations right
down to small businesses in both developed and developing economies.

MarketLine users enjoy access to content that is trustworthy, up to date and reasonably priced and
routinely turn to us as their first-stop resource for instantly accessible, reliable business information.

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Table Of Contents for Inglot Cosmetics: How
a small firm with vision successfully
challenged established business rules
●   OVERVIEW
●   Catalyst
●   Summary
●   OPPORTUNITIES IN GLOBAL MAKE-UP MARKET
●   Global make-up market expected to grow with CAGR of 4.8%
●   Face make-up sales generate over one third of market revenues
●   L'Oreal leads global make-up sales
●   Cosmetics sales driven by increasing demand for multi-purpose products
●   Demand for Halal make-up increasing at double digit rate
●   Lack of certification challenging growth of Halal market
●   INGLOT: SMALL FIRM WITH BIG VISION
●   Inglot riding the wave of Polish business creation
●   Fast response to increased competition brought by liberalization
●   Own distribution network brings better sales margins
●   Betting on quality allows savings on advertising
●   A bit of patriotism that makes financial sense
●   Fashion brand quality almost at a drugstore price
●   Freedom system offers over 3 billion combinations of colors
●   INGLOT BECOMES ONE OF THE MOST RECOGNIZABLE POLISH CONSUMER BRAND
●   Exploiting the potential of American markets
●   Make-up prices tripled in Middle East
●   Pray without worry with breathable nail polish formula
●   Banking on increasing consumer affluence in Asia-Pacific
●   Expansion model hinged on franchising proves profitable
●   Inglot breaks the pattern and becomes one of the most recognizable Polish consumer brands
    globally
●   Inglot's revenue increased by 40% in 2011
●   Concerns about the future after Mr. Inglot's sudden death
●   CONCLUSIONS
●   Challenging established business rules to fight for a place in a difficult market
●   Inglot proves small brand can succeed in a highly competitive industry
●   Change of ownership may challenge Inglot's further growth
●   APPENDIX
●   Definitions
●   Sources
●   Further Reading
●   Ask the analyst
●   About MarketLine
●   Disclaimer

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