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Estée Lauder names new chief executive as family steps back

Stéphane de La Faverie to lead beauty group while William Lauder to relinquish executive chair role
Business - Financial Times - October 30
Estée Lauder shares plunge as China sales slump prompts dividend cut

Beauty group’s stock drops 25% after guidance withdrawn for rest of year
Business - Financial Times - October 31
Estée Lauder’s stock heads for record selloff after profit warning, dividend cut

Consumer sentiment in China worsened, driving weak prestige beauty and Asia travel retail sales.
Business - MarketWatch - October 31
EstéeLauder Shares Plunge 21% After It Slashes Dividend

The cosmetics giant withdrew its outlook for the current year after reporting another quarter of falling sales.
Business - The Wall Street Journal - October 31

Estée Lauder names new chief executive as family steps back