Estée Lauder sales spike amid rapid China growth

Mac westfield web

The cosmetics giant, which owns 25 brands and sells in around 250 countries across the globe, said group revenues rose 9% to $3.6bn (£3bn) in the three months to June 30.

Estée Lauder has been selling 10 of its brands, including Mac and Tom Ford, an Alibaba’s Tmal marketplace in a bid to boost sales in Asia.

Sales in its Asia-Pacific region jumped 18% during the quarter as a result of the strategic push.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now