From Yahoo Finance: 2025-05-16 12:11:00

Investor Michael Burry’s Scion Asset Management doubles stake in Estee Lauder as the beauty giant’s CEO leads transformation to boost demand in challenging markets like North America and China. Burry now owns 200,000 shares valued at $13.2 million, signaling confidence in Estee Lauder’s potential to thrive globally. CEO Stephane de La Faverie’s strategy includes new product launches and luxury tiers to revive growth. The recent U.S.-China trade truce reducing tariffs is expected to benefit companies like Estee Lauder with significant China exposure. Despite a 15% stock drop this year, Estee Lauder shares rose 2% on Friday.



Read more at Yahoo Finance: ‘Big Short’ investor Michael Burry doubles stake in cosmetics maker Estee Lauder