Michael Burry Doubles Investment in Estée Lauder Amid Ongoing Turnaround Efforts
Michael Burry’s Scion Asset Management has doubled its stake in Estée Lauder Companies, increasing its holding to 200,000 shares valued at approximately US$13.2 million. The post Michael Burry Doubles Investment in Estée Lauder Amid Ongoing Turnaround Efforts appeared first on Global Cosmetics News.
THE WHAT? Michael Burry’s Scion Asset Management has doubled its stake in Estée Lauder Companies, increasing its holding to 200,000 shares valued at approximately US$13.2 million.
THE DETAILS The increased investment was disclosed in a recent regulatory filing and comes as Estée Lauder’s new CEO, Stéphane de La Faverie, implements changes aimed at reversing sluggish performance in key markets including North America and China. Since taking over in January, de La Faverie has focused on accelerating product launches and introducing new luxury pricing strategies. Estée Lauder’s stock is down 15% year-to-date, though it saw a 2% gain following the news of Burry’s increased stake. The Asia-Pacific region, including China, accounted for 31% of the company’s sales in fiscal 2024.
THE WHY? The move signals investor confidence in Estée Lauder’s long-term strategy, despite short-term challenges and competitive pressures. A recent easing in U.S.-China trade tariffs may provide some relief for the company, which remains heavily reliant on the Chinese market. Burry’s decision to concentrate his portfolio—now limited to seven holdings—adds further weight to the significance of the investment.
Source: Reuters
The post Michael Burry Doubles Investment in Estée Lauder Amid Ongoing Turnaround Efforts appeared first on Global Cosmetics News.
