Wangfujing Reports Net Profit Decline
Chinese department store retailer Wangfujing reported its financial situation for the first quarter of 2016, and the news was not great.
Chinese department store retailer Wangfujing reported its financial situation for the first quarter of 2016, and the news was not great.
Following China's import tariff rate reduction, two international cosmetics brands L'Oreal and Estee Lauder announced that they will lower their product prices in the Chinese market.
The Estée Lauder Companies Inc. launched the Jo Malone London brand in China at the Mitsukoshi store in Beijing.
Estee Lauder launched a new skin care brand Osiao, which is specially designed for Asian consumers, in Hong Kong last month, and this new brand is expected to be launched in mainland China in 18…