Estée Lauder has promoted Olivier Bottrie to oversee the American cosmetic firm’s international retail and travel operations, taking on the dual title of President Travel Retail and Retail Development, effective 1 October 2017.
In 2004, the owner of the eponymous brand and of Glamglow, Clinique, Jo Malone and M.A.C. recruited Bottrie as its travel retail chief, which he served in for 11 years before taking on this latest company role.
In the role, Bottrie will report to both Cédric Prouvé, in charge of Estée Lauder’s global retail business, and to Chris Good, the head of North America.
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The strategic management move looks to bolster store growth and brand reach for group. This includes the current 1,400 shops worldwide. He will also take the lead in devising new retail concepts.
The news follows Bruno Richard’s appointment as Vice President General Manager Travel Retail Europe Middle East and Africa (TR EMA), effective 1 August 2017. Richard replaced Sue Fox, who has assumed a General Manager role at Lauder’s Japanese affiliate.
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In the last fiscal year, Estée Lauder generated group revenues of $11.82 billion, 5% compared to the previous fiscal year.
The recent acquisitions of Too Faced and Becca contributed two percentage points to the group’s revenue growth, for the period ended 30 June 2017.