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Stock Market & Financial Investment News

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August 15, 2014
07:32 EDTELEstee Lauder reports Q4 adjusted EPS 66c, consensus 56c
Reports Q4 revenue $2.73B, consensus $2.66B. On a reported basis, as well as in constant currency, net sales grew in each of the Company’s geographic regions and product categories. Sales also increased in each product category within each region. Sales growth reflects double-digit gains in the U.S. and travel retail, as well as double-digit local currency increases in many European emerging markets. In Asia/Pacific, local currency growth was led by strong increases in Japan, China and Hong Kong. Sales gains in the U.S., travel retail and Japan include the effect of the accelerated retailer orders.
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October 15, 2014
08:04 EDTELEstee Lauder acquires Le Labo
Estée Lauder announced that it has signed a definitive agreement to acquire Le Labo. Terms of the deal were not disclosed. The acquisition is expected to close in November. Le Labo will be overseen by John Demsey, The Estée Lauder Companies’ Group President, responsible for Estée Lauder, M·A·C, Tom Ford, Prescriptives, Bobbi Brown, Jo Malone, La Mer, Bumble and bumble, Smashbox and Aramis & Designer Fragrances.

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