Estée Lauder facing new stockholder suit over alleged use of gray markets

A new Southern District of New York lawsuit alleges Estée Lauder retail sales in Asia relied on “a pervasive, prohibited gray market resale industry” and prohibited, duty-free resellers called daigou.

One stockholder has sued Estée Lauder’s board in Manhattan federal court on Tuesday over the company’s practices in this market.

The plaintiff, Portia McCollum, wants to force the directors…