Estée Lauder has lost $100 billion in value in the past three years. How a big bet on China dragged down a luxury legend
Profit fell 60% over the past year for the maker of Aveda, Clinique, and MAC.
![Estée Lauder has lost $100 billion in value in the past three years. How a big bet on China dragged down a luxury legend](https://fortune.com/img-assets/wp-content/uploads/2025/01/GettyImages-1439676876-e1738355009464.jpg?w=2048#)
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