HONG KONG–Japan’s largest cosmetics company, Shiseido Group, posted a nearly 30 percent drop in annual profit dragged down by the impairment of its Bare Escentuals business, although sales in Asia and its home market grew by double digits as it invests more into the prestige segment and travel retail.
Net income for the year ended Dec. 31 was 22.7 billion yen–or $207.9 million at current exchange–a drop of 29.1 percent year on year. Sales increased 16 percent over the year before on a local currency basis. When converted into yen, net sales reached 1,005.1 billion–or $9.22 billion–an increase of 18.2 percent year on year due to a weakened Japanese currency.
Ganni turned over a new leaf for spring 2019, reports @fionawsma from Copenhagen Fashion Week. Instead of sending its signature floral-print dresses down the runway, the brand collaborated with 66 North, a technical outerwear brand, and produced a chic-yet-utilitarian offering that included a tie-dye vest and short set, and leopard-print pieces sprinkled among the khaki parkas and bucket hats. #wwdfashion #ganni #copenhagenfashionweek
“I love ‘Kudos’ by Rachel Cusk that just came out,” said @katieholmes212 of what’s on her summer reading list. Head to WWD.com to read which books @lilireinhart, @dakotafanning and more are picking up this summer. #wwdeye (📷: @kukukuba)
“I’ve been an actress since I was like 10 or 12, and then I went to drama school. I have a technique, and I have a process that I bring to every role. And I can talk about it, but that kind of makes it less magic, and also when I talk about it, it makes me feel like I’m full of myself,” ‘Crazy Rich Asians Star’ Constance Wu tells @leighen .(📸: @emmanmontalvan: styled by @micaelaerlanger ) #wwdeye #crazyrichasians #constancewu