Philippe TURPIN Investment Thesis The Estée Lauder Companies Inc. (NYSE:EL) is a global leader in the beauty industry (particularly skincare - one of the higher growth sub categories in the industry) going through a difficult period due to weakness in the Asian retail industry (where there is evidence this is starting to slowly recover), China, and because of operational issues that have led to suboptimal performance. During this difficult period, its stock price has declined around 75%, shifting from being ...