Estée Lauder Companies, L’Oréal Suffer as China Duty-Free Spend Continues to Fall The allure of the Chinese travel retail market has long been a beacon of hope for global beauty conglomerates like Estée Lauder Companies and L’Oréal. With the influx of Chinese tourists seeking luxury goods at duty-free shops, these companies positioned themselves to capitalize […]
Worldview | Panic Grips Asia’s Factories Despite US Tariff Pause
Panic Grips Asia’s Factories Despite US Tariff Pause As the world of global markets continues to shift and evolve, recent events have sent shockwaves through Asia’s manufacturing sector. Despite a temporary pause on US tariffs by the Trump administration, factories across Asia are still reeling from the uncertainty and potential economic fallout. This week’s round-up […]