Estée Lauder to reduce store presence as 2000 jobs are axed

// Estée Lauder cuts 2000 jobs as it reduces store estate
// It plans to save over £300m a year
// The beauty brand has concessions within department stores such as John Lewis, House of Fraser and DebenhamsEstée Lauder is axing 2000 jobs worldwide as it plans to close stores and department store beauty counters to save as much as $400 million (£302 million) a year.
The US cosmetics giant, which owns Mac, Joe Malone and Clinique, said it will shutter between 10 per cent