By  on May 22, 2013

Fabrizio Freda is getting ready to celebrate the prospect of the Estée Lauder Cos. Inc. closing in on the $10 billion mark — a goal it aims to achieve by the end of its fiscal year on June 30.

Once reached, the milestone will mark a robust growth spurt for the beauty firm. Net sales will have gained roughly 37 percent from $7.32 billion in 2009, the year Freda assumed the post of president and chief executive officer. He took the helm while Lauder was grappling with the recession — the company’s sales had decelerated from $7.91 billion in 2008.

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