The Estee Lauder Companies Inc. (EL) has a strong online business, which is proving to be a major growth driver. The beauty company has a strong presence in emerging markets, which insulates it from the macroeconomic headwinds in the matured markets. However, the company is bearing the brunt of a challenging macroeconomic environment.Let’s delve deeper.What’s Driving Growth?The Estee Lauder Companies boasts a strong online business. The company is implementing new technology and digital experiences, includi ...