P&G's beauty sales hurt by an unlikely headwind: A wastewater release in Japan

Procter & Gamble on Tuesday said sales of its high-end SK-II skincare brand fell 34% in the Greater China region during its latest quarter — and it blamed an unlikely culprit.With its high prices and reliance on travel retail, Japan-based SK-II has struggled as China's economic recovery lags. But P&G executives also pointed to another factor that contributed to the brand's cratering sales during the fiscal second quarter: anti-Japanese sentiment.In August, Japan started releasing a huge amount of treated ra ...