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Estee Lauder Cuts Prices In China In Support Of Government's Efforts To Promote Local Consumption

June 23, 2015: 12:00 AM EST
Estee Lauder Cos. Inc. announced it will reduce prices of certain brands in China effective July 1, 2015. Made in response to China's decision to lower import duties on cosmetics and other products to help promote domestic spending, the repricing move covers some of the company's bestselling skincare products. Brands covered include Estee Lauder, Clinique, Origins, and Lab Series.
Molly Prior , "Estee Lauder Cutting Prices in China", WWD.com, June 23, 2015, © Fairchild Fashion Media
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