Japan's Shiseido says annual profit plunges 73% amid sluggish sales in China
Shiseido's full-year profit plunged 73 per cent due to decreased consumer spending in China, which is expected to persist through 2025. The company experienced a modest growth in Japan but faces challenges in China, with competitors like L'Oreal and Estee Lauder also impacted.
Shiseido's full-year profit plunged 73 per cent due to decreased consumer spending in China, which is expected to persist through 2025. The company experienced a modest growth in Japan but faces challenges in China, with competitors like L'Oreal and Estee Lauder also impacted.
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