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Estée Lauder Cos. sees strength in skincare amid COVID challenges in FY 2020

Estée Lauder and La Mer brands led the way in skincare sales. Image credit: La Mer


Beauty group Estée Lauder Companies saw its net sales dip 4 percent to $14.29 billion in the 2020 fiscal year, although its namesake brand saw double-digit growth for the third consecutive year.