Estee Lauder: Pros And Cons
Fragrance net sales grew across the majority of ELC’s operating region, and was led by Jo Malone London, Tom Ford Beauty and Le Labo. Net sales performed much better throughout the period, rising by 9% to $17.7bn, 2022 and up from the $16.22bn reported a year earlier. The group’s operations in China were also impacted by the resurgence of Covid circumstances in the country, resulting in reduced retail site visitors, travel and distribution capabilities. Makeup net sales elevated 13.two% for the nine months, led by greater net sales from Estée Lauder and MAC, specially Ruby’s Crew and Re-Assume Pink lip...