Beauty retailer Sephora cuts China jobs as market slumps

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Sephora,China,LVMH

SINGAPORE: Two people were taken to hospital and 150 others evacuated from their homes after a fire broke out at Great World Serviced Apartments in River Valley on Wednesday (Aug 21).

PARIS: LVMH-owned beauty retailer Sephora is cutting its workforce in China, the company said on Wednesday, as consumers curb their spending on creams and make-up in the world's No. 2 economy.

But high unemployment and a slump in the property market have hit consumer confidence, with leading cosmetics firms all warning in recent weeks of a significant impact to their China sales.

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