Lauder's Premier Asian Skin-Care Line Illustrates Commitment To China
This article was originally published in The Rose Sheet
Next month, The Estee Lauder Companies will roll out Osiao exclusively in Hong Kong in an effort to further grow its booming business in China. The premium skin-care brand combines Chinese medicine and tradition with Western technology.
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Second-quarter sales at Estee Lauder rose 7% to nearly $3 billion, while earnings advanced 13% to $448 million. Luxury brand sales and sales in emerging markets led the way for the New York-based firm.