Shares in US-based Nu Skin spiked yesterday on the back of renewed investor confidence after the company announced the confirmation of a $375m credit note with the Deutsche Bank.
Skin care specialist Nu Skin says continued problems in its China operations have weighed heavily on its second quarter results, causing revenues and profits to fall.
The China government says it will fine Nu Skin in excess of $500k for ‘illegal sales’ and ‘misleading’ consumers and will also make moves to tighten regulations governing direct sales.
Big changes are afoot in China for cosmetics regulation, but how far changes in animal testing will go remains to be seen, says Simon Chan, executive director of the Hong Kong Cosmetic Technical Resources Centre.
Nu Skin has laid out a five year business development plan for mainland China to strengthen its position in the country’s skin care market by expanding its distribution model.
Nu Skin today announced record third-quarter results attributing strong growth in the emerging markets, currency fluctuations, and the development of its anti-aging ageLOC range for the positive figures.
Anti-aging product manufacturer NuSkin Enterprises is expecting a strong end to the year particularly in emerging markets, following steady growth for the first half of the year.
Campaigns for cosmetic and toiletry products are leading a major
surge in advertising expenditure in China, latest research
information shows. The findings reflect the continued growth and
investment in an industry hotly tipped for...
