ESTEE Lauder on Wednesday (Nov 1) cut its annual profit forecast and said it expects a drop in annual sales, as the MAC lipstick maker struggles with a slower-than-anticipated recovery in its Asia travel retail business. Shares of the New York-based company were down about 15 per cent in premarket trading.
Estee Lauder eyes weak annual results on slow recovery in Asia travel retail
2023-11-01T11:14:27-04:00November 1st, 2023|
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