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
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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
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News
- Secondary Market Inventory Solution Another Raises Over $2.5 Million in Seed Round [Yahoo! Finance]Yahoo! Finance
- Greenland's freshwater reserves seen as ‘frozen capital' as water becomes a national security issue [CNBC]CNBC
- Is Estee Lauder's Skin Care Still a Structural Headwind? [Yahoo! Finance]Yahoo! Finance
- Saks And The Slow Goodbye To Luxury’s Original Theatre Of Dreams [Forbes]Forbes
- Estee Lauder Companies (NYSE:EL) had its price target raised by analysts at JPMorgan Chase & Co. from $116.00 to $131.00. They now have an "overweight" rating on the stock.MarketBeat
EL
Earnings
- 10/30/25 - Beat
EL
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- EL's page on the SEC website