l, declined on Friday, a day after its chief executive officer Nicolas Hieronimus reportedly told investors he foresees the worldwide beauty market’s sales increasing this year between 4.5 percent and 5 percent, rather than 5 percent as earlier forecast.stock was trading down 2.7 percent at 411.25 euros. Since the start of the year, the company’s share price has declined 8.6 percent.
Other beauty behemoths have been impacted by the issues in China. In early May, analysts cautioned The Estée Lauder Cos.’ recovery will not be linear, with the company needing to jumpstart sales in mainland China, as well as in its home market, for instance.. We use vendors that may also process your information to help provide our services.
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