Reported 26 days ago
Estée Lauder's stock dropped significantly after the company withdrew its 2025 guidance and cut its quarterly dividend by 47%, coinciding with leadership changes and struggles in the Chinese market. Stéphane de La Faverie is set to become the new president and CEO in 2025 while family members Jane and William Lauder exit operational roles, raising concerns about the brand's future trajectory. Analyst Pauline Brown critiqued the company's governance, suggesting the leadership transition should have happened sooner and questioning if the company can maintain its historical integrity.
Source: YAHOO