Bybit Shuts Down NFT and IDO Platforms: Adapting to Changing Market Realities Bybit, a prominent player in the cryptocurrency exchange realm, recently made waves in the industry by announcing the closure of its NFT (Non-Fungible Token) and IDO (Initial DEX Offering) platforms. This decision comes on the heels of a significant setback for the platform […]
Shiseido Shares Rally After Activist Investor Takes Stake
Shiseido Shares Surge as Activist Investor Makes Strategic Move Shiseido, the renowned Japanese multinational personal care company, has recently found itself in the spotlight as London-based activist firm Independent Franchise Partners disclosed their acquisition of a 5.2 percent stake in the company. This move has sparked a significant rally in Shiseido’s shares, hinting at potential […]
Shiseido Profits Plummet 73% on Weak China Demand
Shiseido Profits Plummet 73% on Weak China Demand Shiseido, the renowned Japanese owner of popular beauty brands like Nars and Drunk Elephant, has recently been hit hard by a significant drop in profits. The company reported a staggering 73% decrease in its earnings, attributing this sharp decline to weak consumer demand in China. This downturn […]
Shiseido Stock Plummets After Growth Plan Underwhelms
In the competitive world of cosmetics, companies must stay ahead of market trends and consumer preferences. Unfortunately for Shiseido Co., the Japanese beauty giant, recent developments have led to a significant decline in its stock price, reaching an eight-year low. This situation arises from a growth strategy that is failing to convince investors, particularly in […]
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, […]