Estée Lauder approves $137M in new restructuring charges; cumulative $233M

ESTEE LAUDER COMPANIES INC

Approved ~$137M in new charges for Value Chain Optimization, Enabling Function Re-Invention, and brand exits.
Cumulative restructuring charges through Jul 19 total $233M pretax ($133M restructuring, $100M other).
Actions include workforce reduction, supply chain right-sizing, and exit from unprofitable brands/markets.
Employee severance accounts for $116M of cumulative restructuring charges; asset write-offs $7M.
Total restructuring program remains within $500M-$700M range; further disclosures to follow.

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