Steeply falling sales of celebrity perfumes, particularly the Justin Bieber and
The American company's shares plunged by a quarter on
Perfumes accounted for 78% of sales in the company's 2013 financial year.
Net sales this year were hit by fewer launches of perfumes, retailers reducing inventory and heavier discounting.
Sales fell 13.4%, driven by a 14% fall in
The net loss attributable to
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 30, 2014
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