Estée Lauder Says Tariffs Are Hurting Consumer Confidence in China
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Estée Lauder executives said they are streamlining operations so the cosmetics giant can return to growth in 2026, but weaker demand in China could weigh on it. “Tariffs are having an impact on consumer confidence” in China, Estée Lauder Chief Executive Stéphane de La Faverie told investors and analysts Thursday.
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