Estee Lauder

The Estée Lauder Companies Inc. (NYSE:EL) is one of the world’s leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products, and is a steward of luxury and prestige brands globally. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, and the DECIEM family of brands, including The Ordinary and NIOD.

Estee Lauder’s Travel Retail Business in Asia Hit Beyond Daigou Regulation

/ / Consumer Discretionary /

Estee Lauder expects to complete its destocking efforts in its key Travel Retail business in Asia by the end of March 2024. The beauty giant is seeing travel come back slowly, “more slowly than we had anticipated,” CFO Tracey Travis says on a call with analysts. “We are seeing lighter levels of conversion relative to what we saw certainly pre-pandemic or even pre the significant changes in policy across the Asia region,” Travis says on tighter policies affecting daigous, or personal shoppers.

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