‘Big Short' investor Michael Burry doubles stake in Estee Lauder, betting on luxe rebound

Group 1 - Michael Burry's Scion Asset Management has doubled its stake in Estee Lauder, now owning 200,000 shares valued at $13.2 million, indicating confidence in the company's potential to recover in a competitive market [1][2][6] - Estee Lauder's new CEO, Stephane de La Faverie, has initiated product launches and introduced new luxury price tiers to revive demand after several quarters of slow growth [3] - The Asia-Pacific region, including China, accounted for approximately 31% of Estee Lauder's total sales in fiscal 2024, highlighting the importance of this market for the company's revenue [5] Group 2 - The recent 90-day truce in the global trade war has reduced US tariffs on China from 145% to 30%, which is expected to alleviate some pressure on companies with significant exposure to China, including Estee Lauder [4] - Estee Lauder's stock has experienced a 15% decline in value so far this year, although shares were up about 2% on a recent Friday [8]