Lauder Upbeat About Clinique, While Namesake Shows ‘Big Brands Can Grow Fast’
This article was originally published in The Rose Sheet
Executive Summary
Driven by Estee Lauder and Clinique, the firm achieved gains in North America in fiscal 2018, despite continued brick-and-mortar retail erosion, while capitalizing on China’s growing appetite for luxury beauty. In a call with analysts, CEO Freda provided a succinct update on the company’s review of potentially flawed product claims, an issue raised last quarter that now is expected not to be material.