Japan’s largest cosmetics company said it plans to return to the black with its current fiscal year.
The Japanese beauty giant aims to be the world’s largest prestige beauty seller by 2030.
Japan’s largest beauty company said the deal could take place around the first half of 2021.
Japan’s largest beauty company is reportedly in talks with CVC Capital Partners to divest its noncore holdings.
The deal gives the data research and insights firm a foothold in China as the country cements its dominance of the global luxury market.
The company’s operating profit and sales also plummeted, but it said its third quarter was better than expected.
While major players are flexing their muscles at the third edition of the China International Import Expo, LVMH is noticeably absent.
Shiseido Americas gets a chief information officer, while Kopari and Colorproof get new chief executive officers.
As a result of word-of-mouth marketing, wealthy Chinese Millennials are flocking to try out Shiseido’s low profile yet pricy skin-care line.
Amid poor performance due to the COVID-19 pandemic, the company announced a new three-year strategy.
A variety of high-tech devices help to limit human-to-human contact even in the physical store.