Beauty and fragrance giants continues to suffer from crisis
Major beauty and fragrance such as REVLON, SHISEIDO and PROCTER & GAMBLE BEAUTY report decreased earnings in Q3 of 2009. Revlon profits dropped by 20,9% while Sisheido reported a 11,2 drop. Procter & Gamble Beauty reported a 5,6% decline in profits in the Q3.
Shiseido’s poor performances are given by weak consumer spending, especially in its home market Japan. Revlon executives blame the current economic conditions as well as a slowing in the development of the US market. NU SKIN Enterprises and ELISABETH ARDEN proved an exception to the downward trend, both registering profits in the Q3.