Fabrizio Freda news and archive

Stéphane de La Faverie to succeed Fabrizio Freda as Estée Lauder’s new CEO

Estée Lauder has announced the appointment of Stéphane de La Faverie as its new president and chief executive officer and member of its board of directors, effective January 1, 2025. The company said in a statement that de La Faverie will succeed Fabrizio Freda, who announced his intention to retire earlier this year after more than sixteen...

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Estée Lauder's sales and earnings decline

The Estée Lauder Companies reported full year net sales of 15.61 billion dollars, a decrease of 2 percent versus the prior year, while organic net sales decreased 2 percent. The company’s reported net earnings declined to 0.39 billion dollars. The company said that the fourth quarter net sales of 3.87 billion dollars, a 7 percent increase,...