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Estee Lauder Uncloaks Four-Year Plan For Slashing Costs, Growing Core Biz

This article was originally published in The Rose Sheet

Executive Summary

The Estee Lauder Companies is implementing a four-year strategy to optimize its core strengths and cut costs by up to $550 million, the firm announced Feb. 5 in tandem with second-quarter sales, which declined 6 percent compared with the prior year, excluding the impact of foreign exchange
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