TOKYO — A lower tax rate lifted Shiseido’s net profit for the first nine months of the year, but sales suffered as consumers snapped up fewer cosmetics and beauty products. Also in Asia last week, Kao Corp. and Kosé Corp. reported sales and profits.
Shiseido’s profit for the period ended Dec. 31 increased 11.2 percent to 23.7 billion yen or $253.6 million at average exchange rates. However, sales slumped 10.4 percent to 464.64 billion yen, or $4.97 billion.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"