Editor
Shiseido’s China woes aren’t over yet.
Net sales at the Japanese beauty group increased 4 percent to $1.6 billion in its first quarter, as wariness towards the brand in the giant Chinese market continued to weigh on growth elsewhere, the company said Friday.
While many premium beauty companies are struggling in China due to a decline in travel retail and a pullback in discretionary spending, Shiseido, which owns premium brands such as Nars,…
