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BRIEF-Estee Lauder says between Jan 1, 2017 and Feb 16, 2017, approved certain initiatives under leading beauty forward
February 17, 2017 / 6:37 PM / in 10 months

BRIEF-Estee Lauder says between Jan 1, 2017 and Feb 16, 2017, approved certain initiatives under leading beauty forward

Feb 17 (Reuters) - Estee Lauder Companies Inc

* Estee lauder companies inc says between january 1, 2017 and february 16, 2017, company approved certain initiatives under leading beauty forward

* Estee lauder -continued to approve initiatives to realign and optimize organization

* Estee lauder -actions will result in net reduction of workforce, which includes position eliminations, re-leveling of certain positions

* Estee lauder -once relevant accounting criteria have been met, company expects to record restructuring and other charges of approximately $72 million Source text (bit.ly/2lrkfcJ) Further company coverage:

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