Estée Lauder shares plunge 20% as cosmetics giant yanks forecast on weak sales - New York Post

On Wednesday, the company said it had appointed a longtime employee, Stephane de la Faverie, as its new chief executive officer and president. He will take the helm at Estée on Jan. 1.

By: New York Post

Nov 02 2024
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Estée Lauder shares plunged more than 20% on Thursday after the cosmetics giant withdrew its full-year earnings forecast and revealed weak demand for its luxury fragrance and cosmetic products. Shar… [+3318 chars]

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