Poor domestic performance sees sales drop at Shiseido
Steady growth in overseas sales failed to offset a poor domestic performance for Japan-based Shiseido, resulting in a 6.7 per cent decline in consolidated net sales for 2009.
News & Analysis on Cosmetics Innovation
Steady growth in overseas sales failed to offset a poor domestic performance for Japan-based Shiseido, resulting in a 6.7 per cent decline in consolidated net sales for 2009.
First quarter profits were down for the global consumer products company as it was hit by price discounting and added promotional expenses to support new product launches.
In order to avoid accusations of bio-piracy, companies taking out patents on naturally-derived ingredients need to improve their awareness of traditional knowledge.
The European Union has updated its regulations for the distribution of goods, clarifying rules for internet sales and making it easier for smaller distributors to operate in the market.