Estée Lauder to cut roles as global sales decline
Global cosmetics giant, Estée Lauder Companies has confirmed restructuring plans as global sales declined in the three months to December 2023.
Estée Lauder Companies which owns global beauty brands including Clinique, The Ordinary and Jo Malone London reported net sales of $4.28bn (£3.40bn) in the second quarter ending December 31, 2023, a decline of 7% from $4.62bn (£3.67bn) the business reported at the same time last year.
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