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June 1, 2016
By: TOM BRANNA
Editor
Estée Lauder (ELC) reported results for its fiscal third quarter ended March 31, 2016 and announced a new initiative—Leading Beauty Forward—designed to continue driving sales, reduce costs and enable new organizational capabilities. The initiative will include a reduction in employees. Net sales for the company’s third quarter ended March 31, 2016 slipped 3% to $2.66 billion. “On the strength of our unique brands and agile execution, we posted constant currency sales gains in all our reg...
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