Shiseido sales up, profit down in fiscal 2017

Japanese group Shiseido’s net profit fell 29.1% to ¥22.749bn ($207m) for the fiscal year ended December 31, 2017, impacted by voluntary product recalls and an impairment loss on Bare Escentuals.

Net sales grew 18.2% (+16% in local currency) to ¥1.005tn...

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