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-0.000702895048982984 -0.00127399727628165 -0.000922549751790096 -0.00127399727628165 0.00153758291965041 0.00259192549312482 0.00171330668189612 0.00171330668189612
Stock impact report

Estee Lauder sued by beauty tech startup for alleged theft [Yahoo! Finance]

Estee Lauder Companies, Inc. (The) (EL) 
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: elcompanies.com/investors
Company Research Source: Yahoo! Finance
giant ?of effectively putting it out of business by stealing technology ?to boost sales from jet-setting travelers in hotels. In a complaint filed on Friday night in ?Manhattan federal court, Nomi Beauty said Estee Lauder has been "driving literally billions in new revenue" to itself after abandoning contracts in 2018 and 2020, including means to determine consumers' actual preferences for cosmetics instead of their ?stated preferences. Nomi -- the name ?is a homophone for "know me," as in the customer -- said its "secret sauce" was intended to help the parent of ?Clinique and MAC lipstick generate more revenue from luxury hotel duty-free shops and in-room purchases, and become less dependent on traditional retail stores. Rather than honor its ?contracts or follow through on discussions to purchase Nomi outright, Estee ?Lauder allegedly starved Nomi's hotel partners of products, while rolling out competing programs in China, Costa Rica, Malaysia, the United Kingdom and the Unite Show less Read more
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