Estee Lauder will lay off between 5,800 and 7,000 employees after second-quarter sales plummeted 6% and operating income tanked to a $580 million loss.
As the company’s sales fell 6 percent in the second quarter, the owner of namesake Estée Lauder, Jo Malone, Tom Ford, ...
Estée Lauder (NYSE: EL) might be known as a timeless brand in cosmetics, founded nearly 80 years ago, but lately, it's ...
Shares of Estee Lauder Cos. Cl A EL advanced 1.20% to $65.03 Friday, on what proved to be an all-around grim trading session ...
Shares of makeup conglomerate Estee Lauder ( EL -0.13%) plunged 23% through Thursday trading this week, according to data from S&P Global Market Intelligence.
Estee Lauder on Tuesday expanded a restructuring plan that would now involve up to 7,000 job cuts as the cosmetics giant ...
A restructuring plan is underway to kick-start sales after the conglomerate reported a 6 per cent sales dip in Q2.
The layoffs, which represent up to 11% of its global workforce, arrive alongside a restructuring plan that extends into the C-suite.
Estee Lauder may trim as many as 7,000 jobs by fiscal 2026, more than 11% of its workforce, after the global beauty cosmetics ...
Canaccord lowered the firm’s price target on Estee Lauder (EL) to $70 from $76 and keeps a Hold rating on the shares. The firm noted they were ...