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Tag

beauty sector

1 article

Estée Lauder Deepens Restructuring to 10,000 Cuts, Raises Profit Guidance on Puig Deal Path
U.S. Equities1h ago
Estée Lauder Deepens Restructuring to 10,000 Cuts, Raises Profit Guidance on Puig Deal Path
The beauty group expanded its cost-cutting program to eliminate up to 10,000 jobs and generate $1.2 billion in savings as merger talks with Puig advance and it shifts spending toward digital retail.