The Estée Lauder Companies Inc. reported on Tuesday net sales of USD 3.75 billion for its third quarter ended March 31, a decline of 12 percent, as the cosmetic giant took a hit in its Asia travel ret…
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Bobbi Brown names new global general manager
The Estée Lauder Companies (ELC) announced on Friday the appointment of Lahnie Strange to the role of senior vice president, global general manager of its Bobbi Brown brand, effective February [……
Estée Lauder sales hit by Mainland China woes
Cosmetics giant Estée Lauder Companies recorded a 17 percent decline in total sales to USD 4.62 billion for the second quarter ending December 31, on the back of a steep sales increase in its Asia reg…
Raffaella Cornaggia appointed chief executive officer of Kering Beauté
French conglomerate Kering announced on February 3 the appointment of Raffaella Cornaggia to the role of CEO of Kering Beauté, a newly created role for the luxury company.…
Estée Lauder to acquire Tom Ford brand in ‘transformational’ USD 2.8 billlion deal
The Estée Lauder Companies (ELC) announced on November 15 it has signed an agreement to acquire the Tom Ford brand, which it described as a global leader in luxury. The […]…
Estée Lauder Companies report excellent results for Fiscal 2022
The Estée Lauder Companies Inc. reported net sales of USD 17.74 billion for its fiscal year ended June 30, 2022, an increase of 9 percent from USD 16.22 billion in the prior-year period. Organic net s…
Estée Lauder is in talks to acquire Tom Ford for 3 billion USD
Wall Street Journal reports that the beauty conglomerate is in talks with the Los Angeles-based luxury fashion brand. The potential deal would mark a change in strategy for the conglomerate, which typ…
Estée Lauder Companies announces financial results
The Estée Lauder Companies Inc. reported net sales of US$16.22 billion for its fiscal year ended 30th June, 2021, an increase of 13 percent from US$14.29 billion in the prior-year period.…
Estée Lauder appoints Executive Vice President
The Estée Lauder Companies announced that Daniel Mahler has been promoted to Executive Vice President, Global Transformation and Category Leadership, effective 1st July, 2021.…
The Estée Lauder Companies to acquire Dr. Jart+
The Estée Lauder Companies Inc. announced that it has signed an agreement to acquire shares in Have & Be Co. Ltd., the Seoul based global skin care company behind Dr. Jart+ and men’s grooming bra…