Home » Watsons, L’Oréal and Alibaba take the brunt of China’s flagging demand Watsons, L’Oréal and Alibaba take the brunt of China’s flagging demand Against a backdrop of slowing consumer demand in China, international beauty and luxury retailers are adopting a cautious expansion approach. Through Sophie Baqué. Published on 28 October 2024 à 9h45 - Update on 28 October 2024 à 17h07 Resources China‘s beauty sector is in trouble. While Watsons saw sales fall by 23% in China in the first half of 2024, for L’Oréal the downturn accelerated in Q3 2024. Sales fell by 6.5% in the North Asia region to €1.95 billion.… Sophie Baqué Read more Luxury: Shunned in Asia, Burberry sales fall 20% in Q1
