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William Lauder Likes What He Sees

Holiday spending by upscale consumers and gains in China are reasons to smile.

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By: TOM BRANNA

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Estée Lauder Executive Chairman William P. Lauder has plenty of reasons to smile these days—sales are up across the company’s portfolio and 2013 prospects are good, he told CNBC. While some observers insist that this holiday selling season is showing signs of weakness, Lauder insists that the high-end consumer is continuing to spend. “(In North America) She has a great deal of confidence…not perhaps as aggressive as we’d like to see her, but she’s doing pretty well. We’re seeing the...

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