1308 GMT - Shares in European cosmetics companies trade lower after U.S. peers Estee Lauder and Coty reported results that point to a challenging market backdrop for the industry. Shares in cosmetics giant L'Oreal fall 1.5%, Spain's Puig--owner of Charlotte Tilbury and Jean Paul Gaultier--drops 2.8% and Nivea parent Beiersdorf is down 2.3%. Estee Lauder and Coty on Wednesday reported sales declines for their most recent quarters, and guided for continued pressure on their top-lines in the near term. The outlooks provided by Estee Lauder and Coty act as a reminder that the beauty industry has become more volatile and unpredictable compared with prior years and that competition keeps intensifying, analysts at UBS say in a note. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
August 21, 2025 09:08 ET (13:08 GMT)
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