Major global companies including European peer L’Oreal have flagged ongoing challenges to their travel retail businesses in Asia, particularly China, as the ...
-Estee Lauder on Wednesday cut its annual profit forecast and said it expects a drop in annual sales, as the MAC lipstick maker struggles with a slower-than-anticipated recovery in its Asia travel retail business.Major global companies including European peer L’Oreal have flagged ongoing challenges to their travel retail businesses in Asia, particularly China, as the world's second-largest economy struggles to revive domestic demand post-pandemic.
Estee now expects full-year 2024 sales to decrease 2% to an increase of 1%, compared with the previous forecast of an increase between 5% and 7%.Bank of Nova Scotia stock could be a major bargain in the banking scene right now. The post Canadian Bank Stocks Look Severely Undervalued: Here’s 1 With a 7.6% Yield appeared first on The Motley Fool Canada.
Bill Gates' former assistant is the world's 5th-richest person — and he's close to overtaking the Microsoft cofounder During a press conference on Tuesday, NDP leader Jagmeet Singh proposed taking the GST off of home heating to provide "relief for all Canadians" during the winter months. In addition, to tackle climate change, Singh suggested a windfall tax on oil and gas companies making "record profits."Popular Mobile Games You Must Play In 2023
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