Estee Lauder to cut jobs on skittish China demand; shares surge 19%

A boom following the lifting of pandemic curbs in China never materialized and recent results have indicated mixed luxury demand. While companies like LVMH and Richemont have posted strong sales growth, others like Burberry have flagged a sluggish rebound.

from Stocks-Markets-Economic Times https://ift.tt/ybw37af