Tag Archives: Doubles

Michael Burry Doubles Funding in Estée Lauder Amid Ongoing Turnaround Efforts

Michael Burry Doubles Funding in Estée Lauder Amid Ongoing Turnaround Efforts

THE WHAT? Michael Burry’s Scion Asset Administration has doubled its stake in Estée Lauder Corporations, rising its holding to 200,000 shares valued at roughly US$13.2 million. THE DETAILS The elevated funding was disclosed in a latest regulatory submitting and comes as Estée Lauder’s new CEO, Stéphane de La Faverie, implements modifications geared toward reversing sluggish […]