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EstéeLauder Shares Plunge Nearly 20% 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 - 6 hours ago -
Estée Lauder shares plunge as China sales slump prompts dividend cut
Beauty group’s stock drops 25% after guidance withdrawn for rest of yearBusiness - Financial Times - 7 hours ago -
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 - 9 hours ago -
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 roleBusiness - Financial Times - Yesterday