Estée Lauder CEO has announced retirement as sales and profits fall
Global cosmetics giant Estée Lauder Companies has reported a fall in sales and profit in the full year ending June 2024 as chief executive Fabrizio Freda announces his retirement.
Estée Lauder, which owns brands including The Ordinary and Jo Malone London, reported net sales of $15.61bn (£12.02bn) in the 12 months to June 30, 2024.
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