Saudi Arabia Newsroom


Asia travel retail inventory challenges hit The Estée Lauder Companies Q2 performance

The Estée Lauder Companies today reported net sales of US$4.28 billion for its second quarter ended 31 December, down by -7% year-on-year. Organic net sales fell -8%, reflecting “the expected challenges in Asia travel retail as well as softness in prestige beauty in Mainland China”, the company said. The decrease also reflects a -1% headwind […]

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