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Estee Lauder among multinationals hit by China lockdowns

Por: Associated Press Business November 02, 2022

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The devastating effects of COVID-19 lockdowns in China overshadowed a strong quarter at Estee Lauder and shares of the cosmetics company tumbled before the opening bell Wednesday. International companies that rely on sales in China have been hammered by Beijing’s “Zero COVID” policies that have mandated strict periods of isolation for millions of people. On Wednesday, Estee Lauder lowered its annual adjusted per-share profit expectations... + full article



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