John Demsey, president of Estee Lauder Cos., speaks at the W
SPAIN - MAY 07: John Demsey, president of Estee Lauder Cos., speaks at the World Retail Congress in Barcelona, Spain, on Friday, May 8, 2009. The event is held at the Barcelona International Convention & Exhibition Centre and runs till Friday, May 8. (Photo by Mikel Laburu/Bloomberg via Getty Images)

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