Estee Lauder news and archive

Estée Lauder announces Adut Akech as its new brand global ambassador.

International skincare and makeup manufacturer Estée Lauder has signed acclaimed model Adut Akech, as its new brand global ambassador. Adut will be featured from July in makeup and skincare campaigns across digital, TV, print, and in-store. Stéphane de La Faverie, group president, The Estée Lauder Companies said in a statement: “Adut is one of...

Business

Estée Lauder ups stake in Deciem

The Estée Lauder Companies (ELC) has increased its 29 percent stake in Canadian-based multi-brand group Deciem to a majority stake of 76 percent. ELC said it has agreed to purchase the remaining interests after a three-year period “at a price that will be determined based on the future performance of Deciem”. Deciem was founded in 2013 by the...

People

Estée Lauder appoints exec VP of global communications and public affairs

The Estée Lauder Companies has appointed Meridith Webster to the newly-created role of executive vice president, global communications and public affairs, effective May 17. In her new position, Webster will succeed Alexandra (Alex) Trower as head of global communications and Maria Cristina (MC) González Noguera as head of global public affairs....

Business

The Estée Lauder Companies Inc. Q2 adjusted earnings Beat Estimates

Washington - The Estée Lauder Companies Inc. (EL) reported a profit for its second quarter that rose from the same period last year. The company's earnings came in at 873 million dollars, or 2.37 dollars per share. This compares with 557 million dollars, or 1.52 dollars per share, in last year's second quarter. Excluding items, The Estée Lauder...

People

Estée Lauder appoints new exec vice president of global supply chain

Estée Lauder has announced the appointment of Roberto Canevari as executive vice president, global supply chain, effective 1 May. Canevari succeeds Gregory F. Polcer, who is retiring on 1 July after nearly 13 years with the company. In his new role, Canevari will report directly to president and CEO Fabrizio Freda. “I am thrilled to welcome...

People

Estée Lauder promotes Stéphane de La Faverie to group president

The Estée Lauder Companies is continuing to make changes to its leadership. The global beauty group, which recently named Michelle Freyre as senior vice president and global general manager of Clinique, has now appointed a new group president. Stéphane de La Faverie has been promoted to group president, while continuing to serve in his current...

Fashion

Estée Lauder posts rise in Q2 sales and profit

For its second quarter, the Estée Lauder Companies Inc., reported net sales of 4.62 billion dollars, up 15 percent from the prior-year period, while excluding the impact of currency translation, net sales increased 16 percent. The company said in a statement that net earnings were 557 million dollars compared with 573 million dollars last year...

Business

Estée Lauder Companies to acquire K-Beauty company Dr. Jart+

The Estée Lauder Companies, Inc. is expanding its empire. The leading beauty manufacturer and marketer, whose portfolio already includes a number of name-brand skincare, makeup, fragrance and hair care brands, has announced the acquisition of Have & Be Co. Ltd. The deal is expected to close next month. A Seoul-based, global skin care company,...

Fashion

Walpole announces nominees for 2019 awards

Selfridges, Burberry and Mulberry have all been nominated in the annual Walpole British Luxury Awards, which will take place at The Dorchester in London on November 18. The awards, which will be presented by actor Laurence Fox, will feature ten categories to celebrate the “very best high-end products and services from a diverse range of British...

People

Estée Lauder names new general manager for UK

Estée Lauder Companies has appointed Sue Fox as the new general manager for the UK and Ireland to oversee the development of the beauty company in what it calls one of its “most important markets”. Fox who is currently the president of the Estée Lauder Companies in Japan, will transfer to head up the UK and Ireland business on January 1, 2020,...

Business

Estée Lauder posts increase in Q1 net sales and earnings

The Estée Lauder Companies Inc. recorded net sales of 3.52 billion dollars, an 8 percent increase for its first quarter driven by growth in nearly all product categories, geographic regions and channels. Excluding the impact of currency translation and the adoption of the new revenue recognition accounting standard (ASC 606), the company said,...

Fashion

Estée Lauder Sues Deciem, Seeks To Remove Founder After 'erratic' Behaviour

The Estée Lauder Companies Inc. (EL) filed a lawsuit against popular skin-care company Deciem and its founder after he announced in a video on Instagram that he was temporarily shutting down all of its stores because of what he described as "major criminal activity.", according to the reports. Estée Lauder, which owns a minority stake in...