Estée Lauder CEO ‘not going anywhere’ despite 40% drop in shares

[ad_1] By Bloomberg Published Feb 6, 2024 The CEO of Estée Lauder Cos. defended his tenure at the helm of the beauty company and said his turnaround plan is already on the way to recovering lost profitability and generating more buzz about its brands.  “I’m not going anywhere,” CEO Fabrizio Freda said in an interview […]

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Estée Lauder surges on plan to cut up to 5% of workforce

[ad_1] By Bloomberg Published Feb 5, 2024 Estée Lauder Cos. said it’s cutting as many as 3,000 positions as part of a restructuring plan to put one of the world’s largest beauty companies back on track. Facebook: Estée Lauder The shares jumped 15% in premarket trading at 8:08 a.m. in New York. The owner of […]

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