Interview: Why this cosmetics boss says the lipstick index doesn't exist

The lipstick index is the idea that in economic downturns, people cut back on spending on big items, but continue to buy little luxuries like lipstick. But after a very tumultuous few years - does it actually exist? Sean Aylmer talks to Rodrigo Pizarro, CEO of L’Oreal Australia and New Zealand, about the lipstick index - and the incredible focus the business has on data literacy and staff wellbeing.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.