LONDON — In the U.K., beauty means business, according to a report set to be released this month by the newly formed British Beauty Council, and seen by WWD. In 2018, the sector generated 27.2 billion pounds in consumer spending, contributed 28.4 billion pounds to the nation’s GDP and supported 590,500 jobs.

The report, “The Value of Beauty,” aims to quantify and classify the industry, with a focus on its value to the U.K. economy. The report divides the industry into three different sections — personal care and maintenance, personal enhancement and services.

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