Estée Lauder Companies news and archive

Estée Lauder posts drop in Q3 sales and profit

The Estée Lauder Companies Inc. reported net sales of 3.75 billion dollars for its third quarter ended March 31, 2023, a decline of 12 percent from the prior-year period. Organic net sales fell 8 percent, primarily driven by Asia travel retail in Hainan and Korea. The company reported net earnings of 156 million dollars compared to 558 million...

ManagementFeatured

Estée Lauder vice chairman Sara Moss to retire in July

The Estée Lauder Companies Inc. (ELC) vice chairman Sara Moss has decided to retire, effective July 1, 2023. Moss began her career with the company in 2003 when she joined the organisation as executive vice president and general counsel, a position she served in until 2019 when she was promoted to vice chairman. “Sara is an exceptional legal...

Business

Estée Lauder Companies launches beauty app for visually impaired community

Beauty conglomerate Estée Lauder Companies (ELC) UK & Ireland has launched a new artificial intelligence-powered mobile app dedicated to helping visually impaired users easily apply makeup. The Voice-Enabled Makeup Assistance (VMA) comes as part of ELC’s ambition to better support the visually impaired community by enabling self-empowerment...

Business |Beauty Featured

Estée Lauder and Nykaa launch incubator to support Indian beauty entrepreneurs

Estée Lauder has teamed up with Nykaa, one of India’s leading omnichannel beauty and lifestyle retailers, to launch an incubator to discover, spotlight, and propel the next generation of Indian beauty brands. The ‘Beauty&You India’ incubator, aims to help founders, innovators, and creators grow their businesses holistically by identifying brand...

Business |Beauty Featured

Sustainable beauty brand Haeckels is relaunching

Margate-based natural beauty brand Haeckels is undergoing a revamp to showcase its “most progressive leap yet” following investment from Estée Lauder Companies earlier in the year. Haeckels will reimagine the brand across four pillars – skin and home, as well as fragrance and lab, with the latter launching in September and October, respectively....

Business

Glamglow follows Smashbox in exiting UK market

One day after Estée Lauder Companies’ (ELC) Smashbox revealed it was exiting the UK and Ireland, another beauty brand owned by the conglomerate has also announced its intention to leave. Glamglow, a cosmetics company mostly focused on face masks, will be exiting the region, with a spokesperson from ELC UK and Ireland citing difficulties in the...

Management |Beauty Featured

Estée Lauder Companies invests in skincare brand Haeckels

British natural skincare and fragrance brand Haeckels has announced that Estée Lauder Companies has made a minority investment in the company. Terms of the investment were not disclosed, with both companies just stating that the deal would enable Haeckels to continue championing sustainability, creating game-changing products and fighting for...

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...

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,...