Japanese cosmetics big Shiseido reported a web lack of 10.8 billion yen (about USD 71 million) for 2024, principally as a result of a stoop in gross sales within the Chinese language market. It was the agency’s first web loss since 2020 and the COVID-19 pandemic. Whereas it falls sharply (-73% in comparison with 2023), […]
THE WHAT? L’Oréal’s fourth-quarter gross sales rose 2.5%, marking its slowest development since 2020 and lacking analyst expectations of 4.4%. THE DETAILS This fall gross sales reached €11.08 billion (US$11.49 billion), up 2.5% on a like-for-like foundation, down from 3.4% development in Q3. North America’s development slowed to 1.4%, effectively under the 5.2% development in […]
Procter & Gamble (P&G) is seeing encouraging indicators in China, however a full restoration continues to be a methods off, executives stated on Wednesday, January 22, as the buyer merchandise big reported stable earnings. P&G, whose manufacturers embrace Tide detergent and Charmin rest room paper, in addition to Gilette, Head & Shoulder and Oral-B private […]
THE WHAT? Reckitt is ramping up native manufacturing within the US and China to scale back its reliance on imports and safeguard its provide chain towards potential commerce conflicts. Key investments embrace a US$190 million manufacturing facility in North Carolina for Mucinex manufacturing and a 300 million yuan (US$40.9 million) R&D middle in Shanghai. THE […]
Talking powerful about China has been an indicator of Donald Trump’s political profession. However now, together with his second administration solely days away, he seems to be prioritizing Massive Enterprise’s pursuits in his China coverage—even to the potential detriment of U.S. nationwide safety. These are early days, in fact, and Trump’s place is topic to […]
President Xi Jinping stated China will put in place “extra proactive” macroeconomic insurance policies in 2025, state media reported, as he addressed a high political advisory physique on Tuesday, December 31. The nation has struggled this yr to climb out of a hunch fuelled by a property market disaster, weak consumption and hovering authorities debt. […]
THE WHAT? Procter & Gamble’s magnificence division skilled a 5% drop in web gross sales through the first quarter of fiscal 2025, regardless of general natural gross sales rising 2%. Whereas magnificence gross sales grew in North America, declines in China, significantly for the SK-II model, closely impacted the corporate’s efficiency. P&G’s whole web gross […]
Procter & Gamble (P&G) reported a decline in earnings on barely decrease gross sales Friday, October 18, for the primary quarter of its staggered monetary year2025. The corporate mentioned a restoration in China was nonetheless quite a lot of quarters away. The producer of Tide detergent and Crest toothpaste, Head & Shoulders and Pantene shampoos, […]