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Banking and Finance

Estée Lauder Announces President and CEO Fabrizio Freda, Retirement Amid Challenges in 2024

Estée Lauder Companies (ELC) reported a 2% decline in net sales, totaling $15.6 billion for the fiscal year ending June 30, 2024. This decrease reflects the ongoing struggles in the Chinese market for prestige beauty products, as well as other global challenges. Organic net sales, which exclude the impact of...
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