Prestige beauty player Estée Lauder has revealed the extent of its current challenges after posting fourth-quarter results showing that net sales declined by 10%, sending stock prices to a six-year low.
L Oreal: Globally, growth at L Oreal s luxury division, its largest division, slowed, up 3.2%, offering further evidence that shoppers are reining in high end purchases, following a slowdown in perfumes and cosmetics reported by luxury bellwether LVMH last week.