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Estée Lauder Faces US Legal Challenge Over China Sales Practices
US District Judge Arun Subramanian said shareholders identified ‘several misleading omissions’ and ‘half-truths’ in Estée disclosures, related to the negative sales impact from a January 2022 government crackdown on the ‘daigou’ grey market.
US District Judge Arun Subramanian said shareholders identified ‘several misleading omissions’ and ‘half-truths’ in Estée disclosures, related to the negative sales impact from a January 2022 government crackdown on the ‘daigou’ grey market.
