Estée Lauder Bottles A Mexican Mood With XINÚ Stake - Estee Lauder Cos (NYSE:EL)
Estée Lauder Companies, Inc. (NYSE:EL) traded steady on Friday after the beauty giant revealed a strategic investment in a rising Latin American fragrance house.On Thursday, the company announced a minority stake in XINÚ, a Mexican luxury fragrance label known for designs and scents inspired by the natural richness of the American continent.The deal marks Estée Lauder's first investment in a Latin American brand, highlighting its push to support regional creators and emerging beauty innovators.Also Read: E. ...