NEW YORK, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of The Estee Lauder Companies Inc. ("Estee") (NYSE:EL) concerning possible violations of federal securities laws.
On May 3, 2023, Estee lowered its full year 2023 guidance for the third consecutive time this year erasing almost $900 million from 4Q sales. The Company blamed elevated inventory in China and continued weakness in travel retail due to post-pandemic flying regulations in Asia. Analysts commenting ...
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