Anne d’Hynenzio of APSION PRESS RETAIL WRITER
New York (AP) -Est loader may trim 7,000 employment by 2026. This has lost more than 11 % of employees because global beauty cosmetics manufacturers reported 6 % of sales in a recent quarter.
New York companies behind brands, such as Mac, La Mer, and Aveda, have relieved their prospects as the economy of China and South Korea slows down the world as the global geopolitical uncertainty.
Only a few minutes after the drastic tax on Chinese products imposed by US President Donald Trump came into effect on Tuesday, a retaliation tariff on imports in the United States and anti -trust survey on Google.
Estee Lauder plans to reserve a reorganization and other rates related to recruiting from $ 1.2 billion to $ 1.6 billion before tax.
According to the company’s latest annual submission, as of June 30, 2024, Estee Lauder had about 62,000 employees worldwide.
Last month, the company’s top executive StéPhanedela Faverie said:
The company has recorded $ 4 billion in recent quarters, decreasing from $ 4.28 billion in the same period of the previous year.
According to the fact set, Estander now predicts the profit from 24 to 34 cents in the current quarter.
EstéelAuderCompanies Inc. shares decreased by nearly 15 % or $ 12.14 on Tuesday.
Initially issued: February 4, 2025 10:48 am
