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August 15, 2006
By: TOM BRANNA
Editor
Estee Lauder Cos. will see only a modest impact from a recent slowdown in duty-free sales due to stringent airport security measures implemented after last week’s alleged foiling of a plot to bomb trans-Atlantic airliners, according to an HSBC analyst. “We believe the market has overreacted to news that recently implemented airport security measures are negatively impacting travel retail beauty sales in the U.S. and U.K.,” said HSBC Global Research analyst Sandy Beebee. B...
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