Estée Lauder plans to cut 3% to 5% of its global workforce as the cosmetics giant expands an effort to shore up margins squeezed by Chinese customers cutting back on higher-priced luxury products, ...
Cosmetics giant Estée Lauder Estee Lauder announced a major restructuring plan on Tuesday that includes slashing up to 7,000 jobs as the company grapples with persistent demand weakness — sending its ...
(Reuters) -Estee Lauder said on Wednesday it would cut inventory and promotions to help mitigate rising costs, after the luxury cosmetic maker warned that a $100 million hit from tariffs would weigh ...
Estée Lauder Cos.’ stock dropped about 5% Wednesday after the maker of beauty products warned of a full-year profit miss and said it has approved 3,200 job cuts based on a previously announced ...
Late to embrace online retail, Estée Lauder is launching a digital push under its new chief executive officer to reverse a yearslong sales slump. When Stéphane de La Faverie took the helm in January, ...
Clinique maker Estée Lauder forecast a $100 million tariff hit for this fiscal year. (Yuki Iwamura/Bloomberg News) Estée Lauder shares fell after the company reported a 12% drop in sales and a ...