The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
TOKYO, Japan — Japan's Nikkei index rose on Friday, pulling away from seven-month lows as investors took heart from a bounce on Wall Street although fresh concerns about global trade hung over sentiment.
Stock gains were limited by renewed worries about the US-China trade dispute after a report that the White House is delaying a decision on whether to allow US companies to do business with China's Huawei Technologies.
The Nikkei share average was up 0.64 percent at 20,724.64 as of 0147 GMT. The index slid to 21,110.76 on Tuesday, its lowest since January 10, as an intensification of the US-China trade war knocked sentiment. It was headed for a weekly loss of 1.7 percent. Natural gas and oil developer Inpex Corp advanced 2.7 percent after its operating profit soared 40.7 percent in the April-June quarter.
Cosmetics company Shiseido Co. climbed 8.8 percent after reporting an increase in sales for the Jan-June period thanks in part to steady demand in the Chinese market.
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Shinsei Bank slid more than 10 percent after private equity investor JC Flowers & Co said it will sell $700 million of the lender's shares.
Fuji Film Holdings Corp sank 5.3 percent as its net profit slid 48.2 percent in the April-June quarter amid a decline in the sales of its camera department. The broader Topix added 0.49 percent to 1,505.94.
Excitement for its IPO is building, but in order to realise its ambitions, more acquisitions and operational expenses might be required.
In an increasingly crowded space, makeup brands that prioritise natural ingredients are finding new ways to get their message across.
Shana Randhava, Priya Venkatesh, Heela Yang and Robin Tsai will join Imran Amed and Priya Rao to identify the entrepreneurs shaping the future of the beauty industry.
By selling existing formulas under their own name, retailers can tap into the lucrative beauty market without investing in custom formulations. But that doesn’t mean the private label model is an easy win.