Is anyone here following Estee Lauder? I know a lot of these beauty companies are largely owned by the family that founded them; In this case, the Lauder family. I read an equity research report from like 2017 that said the Lauder family owns like 40% of stock, but more recent reports claiming that number is now about 8%. Does anyone know what happened? Aside from that, would also love to hear any other thoughts about EL if anyone has been following.
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