Estée Lauder has lost $100 billion in value in the past three years. How a big bet on China dragged down a luxury legend ​Fortune | FORTUNE

Posted by:

Fortune

Category:

Breaking News, Business

Posted on:

February 4, 2025

Estée Lauder has lost $100 billion in value in the past three years. How a big bet on China dragged down a luxury legend

For years before the pandemic, retail experts predicted that China would rival, perhaps even overtake, the United States as the top luxury market in the world.. Yin Liqin/China News Service—Getty Images

Read original article on

Read original article on Fortune

Read More