International Companies

Estée Lauder shares tank on CEO retirement, China outlook

By Benjamin Chiou

Date: Monday 19 Aug 2024

(Sharecast News) - Shares of The Estée Lauder Companies were falling sharply in pre-market trade on Monday after the American cosmetics giant announced the retirement of its long-standing chief executive and gave a cautious outlook for the coming financial year.
Fabrizio Freda has informed the board that he intends to retire...

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