ELC to reduce brick-and-mortar footprint, cut jobs, as part of post COVID-19 restructuring effort

Estée Lauder Companies (ELC) is to reduce its brick-and-mortar distribution and cut around 1,500 to 2,000 jobs as part of a two-year program aimed at re-balancing investments due to shifts in retail and consumer behavior post-COVID-19.

The initiative, which the...

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