Navin Geria, vice president of research and development for the Spa Dermaceutical Products Group, a New Jersey-based consumer product development company that specializes in custom development of anti-aging skincare and products for dermatologists and spa chains, says that a new range of anti-aging technology called cosmeceuticals (cosmetics that companies says possess drug-like affects) will go a step further.

FORBES: Best Botox Alternatives

So the company launched a line of cosmetics, called Astalift, which is sold in Asia and is being launched in Europe this year.

ECONOMIST: Technological change

In August Sephora sued Macy's, after the American firm mimicked the French one with its own chain of cosmetics shops, called Souson.

ECONOMIST: Selling make-up

So-called second-tier stocks, which include fast-growing regional oil company Bashneft , cosmetics-maker Kalina and popular-retailer Sedmoi Kontinent , have become an area of active trading for domestic investors.

FORBES: Magazine Article