Beiersdorf, the parent company of La Prairie and Nivea, reported a decline in first-quarter organic sales. The company attributed the downturn to disruptions across several key retail channels, including department stores in the United States and travel retail in China.
Market volatility in the Middle East has also impacted local sales performance. In light of these challenges, the company is exploring potential price increases to mitigate the impact of the sales slowdown.
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Source · Business of Fashion
