Fashion
Shiseido reports a net loss of nearly €250 million in first nine months of 2025
By
Europa Press
Published
November 10, 2025
Japanese cosmetics and beauty company Shiseido ended the first nine months of 2025 with an attributable net loss of 43,983 million yen (€246 million), compared to a profit of 754 million yen (€4.2 million) in the same period a year earlier.
Revenue to September totalled 693,817 million yen (€3,893 million), down 4%. By geography, revenue in Japan edged up just 0.1% to 219,105 million yen (€1,229 million), while in China and in travel retail channels, such as airports, it fell 7.6% to 240,036 million yen (€1,347 million).
The company recorded sales of 96,121 million yen (€539 million) in EMEA, up 5%, while the Americas declined 10.3% to 78,187 million yen (€439 million) and the rest of Asia-Pacific contracted by 1.4% to 52,504 million yen (€295 million).
Cost of sales (cost of goods sold) totalled 161,818 million yen (€908 million), down 4%, while selling, general, and administrative expenses fell by 6.2% to 520,586 million yen (€2,921 million).
The company recognised an exceptional accounting charge of 46,818 million yen (€263 million) in the quarter due to weaker performance in the Americas, linked to lower cash generation.
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Fashion
Raw material shortages loom: Key risks for textile mills in Q2
The April–June 2026 quarter marks a shift from price volatility to supply insecurity, with material availability becoming the key risk.
Synthetic fibres and chemicals are most exposed due to oil-linked costs and gas shortages, while freight is sharply raising landed costs.
Cotton is adding margin pressure, particularly impacting smaller manufacturers.
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Fashion
Lulus expands wholesale reach with Amazon, Victoria’s Secret
The move follows Lulus’ recent rollout across all Nordstrom stores nationwide and reflects a broader strategy to expand reach and drive incremental revenue. As stated in the press release, each partnership offers curated assortments tailored to platform-specific customer behaviour.
Lulus has expanded its wholesale strategy with a new Amazon storefront and an online partnership with Victoria’s Secret.
Building on its Nordstrom rollout, the move enhances reach and revenue potential.
Curated assortments tailored to each platform aim to engage modern shoppers, supporting scalable growth and strengthening the brand’s presence across key retail channels.
“Today’s customer shops across platforms, and our goal is to show up for her in each of those moments with intentional, elevated product, that is distinctly Lulus,” said Crystal Landsem, CEO at Lulus. “By offering curated assortments across Amazon and Victoria’s Secret, we’re expanding access to our brand in a way that’s thoughtful, strategic, and aligned with how women shop now.”
The Amazon storefront features a curated dress assortment, including many exclusive styles, while the Victoria’s Secret collaboration introduces an online-only range targeting digitally engaged shoppers. The company noted in the press release that these initiatives support scalable growth and strengthen brand relevance.
As Lulus enters its 30th year, it is focusing on disciplined growth, scalable distribution, and long-term brand building. Alongside its Nordstrom expansion, launches on Amazon and Victoria’s Secret strengthen its position as a digitally driven brand with rising influence in modern fashion retail.
Fibre2Fashion News Desk (JP)
Fashion
EU clears $6.5 bn Italy renewable hydrogen support scheme
Support will be provided through two-way contracts for difference, where a competitively determined strike price ensures revenue stability. If alternative fuel prices fall below this level, the Italian government will compensate producers; if they exceed it, producers will repay the difference. The scheme will run until 31 December 2029.
The European Commission has approved a €6 billion (~$6.5 billion) Italian state aid scheme to produce 200,000 tonnes of renewable hydrogen annually.
Using contracts for difference, the programme will support decarbonisation in transport and industry by ensuring price stability, while promoting investment, competitiveness, and emissions reduction across high-impact sectors.
The Commission concluded that the measure is necessary, proportionate, and incentivises investment that would not occur without public support. It also found that the environmental benefits, particularly in reducing emissions from hard-to-abate sectors, outweigh potential competition distortions.
Fibre2Fashion News Desk (JP)
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