NEW YORK — Estée Lauder Cos. may be coming off a challenging 2002, but the company believes it was a transition year that was all about investing for future growth.
Earnings for the year ended June 30, attributed to common stock, declined 40.2 percent to $168.5 million, or 70 cents a diluted share, as reported. Before restructuring charges and an accounting change, the bottom line dipped a milder 16.8 percent to $289.4 million, or $1.10.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)