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Organic sales fell 23.9% due to considerably decreased travel and the resulting fall in sales in the critical travel retail enterprise. In spite of sales recovering for a time in the course of the year and double-digit development in China, the brand was unable to match its powerful prior-year figures. With the recent launch of La Prairie at Tmall, Beiersdorf expects to further strengthen the brand’s presence in this key industry. Beiersdorf AG develops and markets skin care...