Pre-tax profits came in at £152.3m from £173.9m with foreign exchange squalls doing little to help
Figures not helped by reports of an undisclosed SEC investigation
Walgreens will pay almost $5.3bn in cash and $10bn in stock for a 55% chunk
"weaker-than-expected" consumer spending does not augur well for Christmas
The cosmetics market in the Middle East continues to defy the region’s instability with manufacturers taking advantage of the opportunities provided by Africa
Q4 consolidated net sales were $944.3m, an increase of 4.2% from the prior year period
Word-of-mouth also acts as an amplifier to paid media, such as television ads
Latest round of job cuts predicted to generate annualised pre-tax saving of $40m
Romania’s cosmetics producer Farmec Cluj plans to invest 10.7m lei or US$3.2m in new technological lines
The company is expanding sales in emerging markets in Latin America and Asia, which offset the 9% fall in revenue in North America
Concerns about nuclear radiation are cited as a reason why sales of Japanese cosmetics in Korea are falling
Weak yen caused difficulties for AmorePacific, which plans to close down its operations in Japan.
Sign in to see recommended stories here.