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Estee Lauder trims profit, sales growth forecast

"We need to increase the amount of innovation in the US," says Mr Freda

New York

COSMETICS company Estee Lauder Cos Inc on Tuesday cut its full-year profit and sales growth forecast due to weak demand for its skin care products in the US and China. The company's shares fell as much as 4.7 per cent.

Sales in the skin care business, the company's biggest