Nu Skin Gets Green Light To Commence Direct Sales In China
This article was originally published in The Rose Sheet
Executive Summary
Nu Skin Enterprises will initiate direct sales activity in Shanghai in the fourth quarter after receiving an official notification of approval from the Chinese Ministry of Commerce, the company reported July 31
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Finance In Brief
Clarins first-half results: Operating profit increased 10.1% to $66.3 mil. (€1=$1.27) for the second half 2006 (ended June 30), Clarins reports Sept. 11. Firm attributes growth to a decline in manufacturing costs for the Beauty and Perfumes divisions, a positive currency effect and tight control of administrative costs. Operating profit for the Beauty division grew 9.9% to $56.5 mil. due to accelerated investments in a new communication campaign. Perfumes operating profit rose 11.4% to $9.77 mil., reflecting the continuing use of resources to support fragrances launched in 2005, firm says. Clarins first-half net revenues increased 8.5% like-for-like to $602.4 mil., firm reported July 27 (1"The Rose Sheet" July 31, 2006, In Brief)...