Mark Derbyshire
The News in Brief

Next, which trades from about 500 stores and online, said it now expected full price sales in its second half of its financial year to fall 1.5 percent, and a full year pretax profit of £840 million ($905 million), up 2.1 percent versus 2021-22.

Shiseido Europe, S.A., a subsidiary of Japanese beauty conglomerate Shiseido Company Limited, will acquire the London-based microbiome skin care brand. Financial terms of the deal were not disclosed.

British online fashion retailer Boohoo on Wednesday warned on full year sales and profit, blaming the worsening macro-economic and consumer backdrop as it reported a 58 percent fall in first-half core earnings.

Overseas demand for goods from China is weakening as the global economy slows, warned a senior Chinese commerce ministry official, though the country still expects foreign trade to grow in the second half of this year.

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