TOKYO — Coming off the back of posting a full-year net loss, Shiseido Co. Ltd. said it expects brighter times ahead in terms of profit and sales growth.
Japan’s largest cosmetics company said it expects net income for the 12 months ending March 31, 2014 to total 20 billion yen, or $201.32 million at current exchange. On Wednesday, Shiseido said that it would post its first net loss in eight years of 14.69 billion yen, or $177.87 million, for the fiscal year ending last month. An impairment loss of 28.6 billion yen, or $347.1 million, on the goodwill associated with Bare Escentuals pushed it into the red for the year.
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?"