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The Estée Lauder Companies to face lawsuit over China daigou issues

Summary by The Moodie Davitt Report
The Estée Lauder Companies (ELC) and the group’s former CEO Fabrizio Freda and CFO Tracey Travis are to face a lawsuit that claims shareholders were defrauded over the American beauty group’s alleged concealment of its overdependence on daigou-related sales in China, a United States District Judge ruled yesterday (31 March). ELC had sought dismissal of the case, arguing there was no proof of fraudulent intent, nor that any legally actionable fal…
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The Moodie Davitt Report broke the news in on Tuesday, April 1, 2025.
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