Japanese multinational Shiseido announced steady sales and a big increase in profits for the first half of its financial years, but cuts its forecasts on the back of restructuring and currency exchange.
Estée Lauder has continued its strong run of financial results, reporting industry leading revenue growth for its second quarter, but sales were hard hit in the Asia Pacific region due to currency translations.
In the wake of the last week’s announcement that Coty had bought 43 fragrance, color cosmetic and hair care brands from Procter & Gamble for $12.5bn, the two companies have seen very different reactions from investors.
Nu Skin is continuing to feel the fall-out from its China sales ban earlier in the year, while fourth quarter results are further impacted by the trial offer launch for its TR90 in the same period for 2013.
Although growth in the Asia Pacific region still remains robust for L’Oréal, it continues to show signs of slowing as the company's second quarter results also reveal that the strength of the Euro is taking its toll on doing business in the region.
Following a financial year where Procter & Gamble has seen its sales continue to slide, the company has announced that it will slash the size of its product portfolio by more than half in an effort to make the business more efficient.