Estée Lauder reported 9% organic net sales growth in Mainland China, while Middle East conflict cut sales growth.

The entities involved

• Estée Lauder Companies →

  American-based cosmetics company

  Nothing else this week.

• mainland China →

  geopolitical area under the jurisdiction of the People's Republic of China, excluding Special Administrative Regions

  • HKEX reinforces Hong Kong's role connecting Mainland China. HKEX and Bursa Malaysia collaborate on co-branded benchmarks.Mon 06:23
  • The company sold the Mainland China operations of Pizza Hut in a separate transaction for an aggregate of $2.7 billion. Chris Turner was appointed CEO of Yum! Brands.Mon 04:17
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
  • Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54

Related events

• Tom Ford contributes to overall fragrance sales growth in mainland China.Aug 26
• Middle East conflict caused dilutive impact on earnings for Estée Lauder Companies and sales decline for Aveda.Aug 19
• The Middle East market is contributing to sales pressure for MHP.Sep 15
• Middle East conflict is impacting global supply chains and trade.Jun 18
• Distributor destocking is pronounced in North America while the Middle East conflict encourages cautious purchasing.Sep 21