Green cosmetics find profitable niche

  • 2010-10-06
  • By Alina Lisina
RIGA - If years ago the best business success story was Stendera ziepju fabrika (Stenders soap factory), now it seems to have been replaced with Madara – the new eco cosmetics brand rapidly gaining in Latvian and overseas markets. Eco cosmetic production seems to be a successful business strategy now in Latvia. There are several eco cosmetics manufacturers that have appeared recently, trying to create their own success story.With almost 1 million lats’ (1.4 million euros) turnover, which almost doubled during 2009, 25 export markets and several awards including ‘Gr...
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