Estée Lauder Cos is reviewing its portfolio of beauty brands, people with knowledge of the matter said, as the cosmetics company transitions to new leadership and looks to boost its share price.

Estee Lauder is reviewing its portfolio of beauty brands, which could potentially lead to the sale of some of the labels, as the cosmetics company attempts to turn around under a new leadership, Bloomberg News reported on Monday.

Estée Lauder Companies (ELC) is reportedly reviewing its brand portfolio following a recent management reshuffle. This could allegedly see the MAC Cosmetics and Clinique owner sell off some of its brands, according to insiders who spoke with publication Bloomberg.

Investing.com -- New York-based cosmetics company, Estée Lauder Cos, is reportedly reviewing its portfolio of beauty brands. The move comes as the company is transitioning to new leadership and seeking ways to enhance its share price, according to a report from Bloomberg, citing familiar with the situation.