SoFi Hong Kong Blog - US_EL
Lipstick Lessons Have you heard of the “lipstick index” before? You read that right, beauty sales are their own economic indicator. The term was popularized by Estée Lauder (EL) heir Leonard Lauder, to highlight the unusual inverse connection between the economy and beauty sales: When the economy slows, sales of little luxuries accelerate, as consumers…Read more