TOKYO — Shiseido posted a first-quarter loss on declining sales, most notably in its home market of Japan.
Japan’s largest beauty company said Tuesday it had a net loss of 1.27 billion yen, or $15.9 million, at average exchange rates for the three months ended June 30. That compares to a loss of 277 million yen, or $3.4 million, at exchange rates for that period a year ago.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"