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Estée Lauder CFO Defends Company’s Turnaround After Stock Plunge

Estee Lauder display in China
Estée Lauder Cos.’ chief financial officer defended the beauty company’s plans to turn around its business. (Getty Images)
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Estée Lauder Cos.’ chief financial officer, Tracey Travis, defended the beauty company’s plans to turn around its business on Wednesday and cited “unprecedented volatility” as executives cut the outlook for the fourth time in the last 12 months.

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