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Fragrance and personal care

US cosmetics giant Estée Lauder Cos. imposes pay cuts on top brass, trims advertising and promo spending

April 15, 2020

Paid employee volunteers at Estée Lauder Companies's Melville, NY-based manufacturing facility producing hand sanitizer for high-need groups and populations, including frontline medical staff. Image credit: Estée Lauder Companies Paid employee volunteers at Estée Lauder Companies' Melville, NY-based manufacturing facility producing hand sanitizer for high-need groups and populations, including frontline medical staff. Image credit: Estée Lauder Companies

 

By Luxury Daily News Service

Estée Lauder Companies, owner of such cosmetics brands as Estée Lauder, La Mer, Aveda, Clinique and Jo Malone, is taking additional steps to protect itself financially, chief among them cuts in compensation to top executives and trimming expenses in marketing spending.

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