MAC lipstick maker Estée Lauder slashed its annual profit forecast on Monday and announced a restructuring programme aimed at cutting about 3 percent to 5 …
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Burberry Plunges as Company Slashes Profit Forecast
Burberry Group Plc slumped after the UK trenchcoat maker slashed its profit forecast due to a drop in sales in the key Christmas quarter. Adjusted …
Shiseido Slashes Profit Forecast on Fukushima Water Release
Shiseido Co. slashed its full-year profit forecast on slower demand from Chinese consumers following the release of treated radioactive water at Fukushima. The Japanese cosmetics …
Everlane Slashes 17 Percent of Corporate Workforce
The DTC basics brand announced internally on Wednesday that it will cut staff to help improve profitability by the end of the year amid rising …