Shiseido Lowers Profit Forecast
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Japanese brandsReuters
•Shiseido profit outlook squeezed by China downturn, president says
80% Informative
Shiseido Co downgrades its profit outlook for the next two years after a downturn in sales to Chinese consumers.
The Japanese cosmetics maker joins other luxury brands such as Richemont and Gucci -owner Kering .
The high-end Japanese make up manufacturer slashed its full-year earnings forecast this month .
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