Estee Lauder follows rivals to increase prices

An Estee Lauder Cos Inc advertisement in Beijing. Experts say increasing costs are driving companies to increase their prices. (Photo / China Daily) US-based cosmetics maker Estee Lauder Cos Inc raised the price of its brands by an average of 8 to 10 percent on July 1, a move that follows price increases by its competitors, analysts say, and that will not significantly affect its market share.

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Source: People's Daily

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