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Estee Lauder Group raises cosmetic prices

By Zhao Tingting (chinadaily.com.cn)
Updated: 2011-07-04 13:12
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From July 1, Estee Lauder Group has raised the prices of its cosmetic brands,which include Estee Lauder, Clinique, MAC and Origins, by eight percent to ten percent on average, The Beijing News reported Monday.

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The price hike involved ten to twenty products of each brand and some star products.

At the beginning of this year, cosmetic brands, including Christian Dior, Lancome, Biotherm and Chanel, increased their prices by five percent to ten percent.

Liu Wei, the director of Public Affairs and Communications with Estee Lauder (Shanghai) Company, said earlier that the price hike was a result of integrated factors, including rising raw material and labor costs and the market's overall performance.