An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021.
Costfoto | Future Publishing | Getty Images
Estee Lauder (EL) has the dubious distinction as the worst-performing stock in our portfolio in 2023, and we’re growing less optimistic about CEO Fabrizio Freda’s ability to right the ship. We’re losing our patience and may act soon. We’re not alone.