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Estée Lauder Restructuring Costs Hit US$1.14 Billion as Workforce Cuts Accelerate
THE WHAT? Estée Lauder’s restructuring charges have reached US$1.14 billion as the company reduces headcount and consolidates operations. THE DETAILS In a new SEC filing, the group confirmed an additional US$285 million in charges since late October tied to streamlining efforts, including service-provider consolidation and standardised business processes. The multiyear programme follows earlier plans…