Source: PYMNTS

Estee Lauder: Estee Lauder Feels Bite From Reduced Retail Inventory

Cosmetics giant Estee Lauder said Wednesday (Nov. 2) a reduction in the level of makeup, skin and hair care products that retailers are willing to hold on their shelves and in warehouses led to an 11% drop in worldwide sales last quarter as well as a reduced forecast for the coming months. The update came [...]

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Est. Annual Revenue
$2B
Est. Employees
5,000
Fabrizio Freda's photo - President & CEO of Estee Lauder

President & CEO

Fabrizio Freda

CEO Approval Rating

66/100

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