Estee Lauder

[LONDON] Fashion retailer Zara has denied infringing Estee Lauder’s Jo Malone trademark, saying in UK High Court filings that it uses the perfumer’s name on fragrances it sells in collaboration with h...

As many as 10,000 roles will now go, up from its previous target of 7,000 announced a year ago

Puig has also been undergoing big changes, recently announcing a new CEO

He is putting in place strategies to help the company better compete against rivals such as L’Oreal and upstarts

The company has embraced a turnaround plan that involves drastic cost-cutting and a refocus on its luxury brands

Several North American and European companies have posted positive results in the Asian nation in recent weeks

It posted quarterly sales of US$3.48 billion, compared with analysts’ estimate of US$3.38 billion

Other US companies are stepping up price hikes

Estee’s organic net sales for the fourth quarter fell 13%, compared with an 8% rise a year ago