Douglas, the largest prestige beauty retailer in Europe, will close 500 of its 2,400 doors in the region, as a combination of the pandemic and consumer shopping patterns led to a shift in online sales. The company said sales fell 6.4% last year to 3.2 billion euros (nearly $3.9 billion at current exchange rates). Plans call for most closures to occur in southern Europe by Fall, 2022. According to Tina Müller, group chief executive of Douglas, the reduction of its store network will be accompa...