Health & Beauty
Estée Lauder to cut up to 3,100 jobs amid global sales decline
The group’s challenges in Asia travel retail has been attributed to an 8% fall in organic net sales
Estée Lauder has announced a restructuring programme, which will see the group cut up to 3,100 jobs across its global workforce, as net sales fell 7% to $4.28bn (£3.39bn) for the second quarter ended 31 December 2023.
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