Sephora is cutting back its workforce in China as one of LVMH’s biggest revenue generators struggles to gain traction in the tough mainland beauty market.
The beauty retailer is reducing its headcount in China by about 120 roles, it said on Wednesday, with a focus on streamlining roles at headquarters.
Although the cuts represent less than 3 per cent of Sephora’s China-based workforce of 4,000, they point to pressure in the country’s highly competitive and price-sensitive beauty market as buyers cut back on purchases.
您已閱讀21%（524字），剩余79%（1941字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。