Nicola Kilner, the co-founder and longtime chief executive of Deciem, which is the parent company of the skincare phenomenon The Ordinary, has announced her decision to step down at the end of the year. While she will continue to play a role as co-founder, her leadership position will be transitioned to Jesper Rassmussen, the company’s […]
Shiseido Lowers Full-Year Forecast As China Slump Persists
In a significant blow to its financial outlook, Japanese cosmetics giant Shiseido has announced a drastic cut to its profit forecast for the year, highlighting the ongoing challenges it faces in the Chinese market. The latest reports reveal a staggering 26 percent decline in core operating profit for the first nine months of this year, […]
Estée Lauder Withdraws Guidance, Cuts Dividends on China Uncertainties and New CEO
The Estée Lauder Companies, a key player in the cosmetics industry, recently announced a significant financial shift, pulling its guidance for fiscal year 2025 and making substantial cuts to its dividend. This decision stems from ongoing uncertainties in China and the transition to new leadership. Following this announcement, company shares dropped by 16% during premarket […]