Estee Lauder expands restructuring plan, to cut up to 7,000 jobs
Estee Lauder on Tuesday expanded a restructuring plan under its new CEO that would now include up to 7,000 job cuts, while also forecasting third-quarter profit below estimates, blaming persistent demand weakness especially in Asia.
Estée Lauder Companies Inc. Q2 Earnings Summary
Cosmetics company Estee Lauder (EL) saw its stock plummet on Tuesday after announcing plans to cut up to 7,000 jobs. The ...
Estée Lauder faces its next fraught rendezvous with Wall Street on Tuesday, when the struggling Fortune 500 beauty giant ...
Shares of Estee Lauder Companies fell following the company's FY25 earnings report. The company plans a major restructuring ...
Stephane de La Faverie, President and CEO of The Estee Lauder (EL) Companies “announced the company’s new organizational structure and ...
The Estée Lauder Companies - which owns a diverse portfolio of brands, including Estée Lauder, La Mer, Jo Malone London, ...
Michael Bowes is the first company executive to hold the position and will oversee culture building at the US beauty giant ...
The revamped management structure, in support of the new Beauty Reimagined vision, aims to create “the best consumer-centric prestige beauty company in the world and restore sales growth and stronger ...
Estee Lauder Companies Inc (NYSE:EL) saw its shares slide more than 6% in premarket trading Tuesday after the company issued a fiscal third-quarter outlook that notably missed analyst expectations.
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