By  on November 9, 2012

At the Estée Lauder Cos. Inc. annual shareholders meeting on Thursday the mood was as buoyant as the strong business results.

The company sales in fiscal 2012 gained 10.3 percent to $9.71 billion, growing twice the rate of global prestige beauty. The company also touted several other highlights during the year: Lauder’s net sales in Asia Pacific topped $2 billion, its travel retail business surpassed $1 billion and China emerged as the company’s largest market in Asia and Lauder’s third biggest market globally.

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