The Debrief | Can Estée Lauder Win Over the Modern Beauty Consumer? Estée Lauder, a longstanding beauty conglomerate, is facing a pivotal moment in its illustrious history. With falling sales and fierce competition threatening its market dominance, the company has turned to new CEO Stéphane de la Faverie to spearhead a strategic overhaul aimed at […]
Estée Lauder Knows How to Cut Costs. Can It Also Rebuild Growth?
Estée Lauder: Streamlining for Success Estée Lauder Companies Inc., a global powerhouse in the beauty industry, has recently made headlines with its strategic moves to cut costs and restructure its operations. In Tuesday’s second-quarter earnings report, the conglomerate revealed its plans to streamline the business further, including additional job cuts and corporate restructuring. While these […]
Estée Lauder Companies Will Cut 7,000 Jobs as Sales Drop 6%
Estée Lauder Companies to Cut 7,000 Jobs Amid 6% Sales Decrease Estée Lauder Companies, the renowned US cosmetics giant, has recently announced its decision to slash 7,000 jobs as part of an extensive profit recovery strategy. This move comes in response to a 6% decline in sales, with the company’s second-quarter earnings reaching $4 billion, […]
Estée Lauder Reviews Brands Amid Management Change
Estée Lauder Reviews Brands Amid Management Change Estée Lauder, the renowned beauty giant, is making strategic moves in the wake of a management change. With Stéphane de La Faverie taking the helm as the new CEO, the company has set its sights on revamping its portfolio of beauty brands. This initiative comes as Estée Lauder […]
Ronald S. Lauder Retires from Estée Lauder Board
Ronald S. Lauder Retires from Estée Lauder Board Ronald S. Lauder, son of the iconic cosmetics company’s founder Estée Lauder, has recently announced his retirement from the Estée Lauder board. Lauder’s legacy within the beauty industry is undeniable, having joined the family business in 1964 and dedicated over 45 years to serving on the company’s […]
A First-Day Agenda for Estée Lauder’s New CEO
Stéphane de La Faverie, the incoming CEO of Estée Lauder Companies, has inherited a complex set of challenges that require urgent attention and strategic vision. The company recently revealed a 4% decline in net sales for its first quarter, resulting in a total of $3.36 billion, and a concerning 11% drop specifically from the Chinese […]
Report: Stéphane de La Faverie Named Estée Lauder CEO
The Estée Lauder Companies is taking a strategic step forward by naming Stéphane de La Faverie as its new chief executive officer, a move that has invigorated discussions in the beauty and financial sectors. This decision comes at a pivotal time for the American beauty conglomerate, an industry leader grappling with significant marketplace shifts and […]
Estée Lauder Launches Balmain Fragrances
In a strategic move set to reshape the fragrance landscape, Estée Lauder has officially launched its partnership with Balmain through a new fragrance collection titled “Les Éternels de Balmain.” This innovative line includes eight gender-neutral fragrances, each retailing at $300 for a 50ml bottle, with discovery sets available for $55. The inception of Balmain Beauty […]