Douglas surprised by speed of deterioration in key markets, CEO says
It attributed the downturn to a "very significant" shift in
the economy and politics globally that has hit consumers'
willingness to spend, especially in its key markets
"It will take a while before we have this behind us," he added.
Weakening demand for personal care and beauty products has
weighed on consumer goods companies, with bellwethers such as
In
Douglas said it did not believe its strategy was wrong, but
flagged that it needed time to assess the situation and reflect
upon its mid-term guidance for 2026 and beyond.
(Reporting by
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Douglas surprised by speed of deterioration in key markets, CEO says
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