On July 23, 2024, Estee Lauder filed an amendment to its Form 8-K/A with the SEC, detailing the progress of its Profit Recovery and Growth Plan, which is a restructuring initiative aimed at improving profitability. The company has outlined specific measures including value chain optimization, re-invention of enabling functions, a brand-led model, and acceleration of its go-to-market operating model. These measures are expected to involve workforce reductions, asset write-offs, and other associated costs. Estee Lauder anticipates incurring total restructuring and other charges of between $500 million and $700 million before tax, with $137 million expected to be recorded in connection with the initiatives approved after April 24, 2024. As of July 19, 2024, the company has approved cumulative charges of $233 million. Estee Lauder will continue to provide updates on the restructuring program as significant initiatives are approved.

On July 23, 2024, Estee Lauder filed an amendment to its Form 8-K/A with the SEC, detailing the progress of its Profit Recovery and Growth Plan, which is a restructuring initiative aimed at improving profitability. The company has outlined specific measures including value chain optimization, re-invention of enabling functions, a brand-led model, and acceleration of its go-to-market operating model. These measures are expected to involve workforce reductions, asset write-offs, and other associated costs. Estee Lauder anticipates incurring total restructuring and other charges of between $500 million and $700 million before tax, with $137 million expected to be recorded in connection with the initiatives approved after April 24, 2024. As of July 19, 2024, the company has approved cumulative charges of $233 million. Estee Lauder will continue to provide updates on the restructuring program as significant initiatives are approved.