here on the floor, cnbc exclusive, william lauder, executive chairman of the estee lauder company.rong results on luxury sector. is that the story with estee lauder and why you out perform your peers? >> we are seeing luxury, aspirational, higher income brands and retail environments doing better for us. the higher, the better. >> higher end. that's a story of incomes? >> higher end brands, higher end retail, and higher end consumer with income. that's matching up. they have income and comfortable spending it and spending it wherever she is in the world, not only at home, but also we see the travel retail sector, the most income insensitive to the consumer. they have the wealth. they spend a lot also. >> a pickup in global demand across the kbloglobe. how big a part of the story is that in the growth? >> travel retail is a big part of the growth in the last 10 to 12 years, increased travels of consumers, most certainly the chinese consumer traveling abroad and traveling brazilian consumers to north america and some to europe, and european and middle eastern travel have been strong

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