Estée Lauder Companies’ La Mer has opened a first-of-its-kind omni-channel retail destination at CDF Haikou International Duty-Free Shopping Mall, in partnership with China Duty Free Group (CDFG…
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How global beauty companies are investing in Asia
According to Euromonitor International, the world beauty and personal care market size will grow to USD 547 billion in 2027. Asia Pacific is the key driver of this growth, accounting for 67 percent of…
Estee Lauder APAC sales down 15 percent
U.S. cosmetics giant Estee Lauder Companies announced on November 2 revenues for the first quarter totalled USD 3.93 billion, a decline of 11 percent from USD 4.39 billion in the prior-year period, co…
Balmain launches new beauty line with Estée Lauder
Estee Lauder Companies (ELC) is partnering with Balmain to create a line of beauty products that is expected to launch globally in autumn 2024. As part of the partnership, ELC aims to “transform the l…
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 appoints Nike China head to board
Angela Wei Dong has been appointed to the audit committee and the board of directors of Estée Lauder Companies Inc., beginning 11th July.…
The Estée Lauder increases ownership of DECIEM Beauty Group
The Estée Lauder Companies Inc. announced that it has completed the first phase of increasing its ownership in DECIEM Beauty Group Inc., the Canadian-based, vertically integrated, multi-brand company.…
Estée Lauder appoints new Senior Vice President, New Business Development
The Estée Lauder Companies announced the appointment of Dave Smith as Senior Vice President, New Business Development.…
Estée Lauder announces financial results
The Estée Lauder Companies Inc. reported net sales of $3.56 billion for its first quarter ended 30th September, 2020, a decrease of 9%, on a reported basis and in constant currency, from $3.90 billion…