Estée Lauder’s Downfall Wasn’t Inevitable—It Was a $100 Billion Bet On Resisting Change
Over the past three years Estée Lauder—a titan of the global beauty industry—has lost $100 billion in market value, watched its stock plummet 78% from its 2022 peak, and seen earnings collapse by 60%. This is not a fairytale, it’s reality!