MAC’s Plan to Win: Lip Oil and Nepo Babies MAC Cosmetics, the renowned makeup brand under the Estée Lauder umbrella, has once again set the beauty industry abuzz with its latest campaign featuring Lipglass Air. In a strategic move to captivate a younger audience and stay ahead in the competitive market, MAC has enlisted the […]
Estée Lauder Sales Slide 10%, Forecasts Bigger-Than-Expected Drop In Annual Sales
Estée Lauder Sales Slide 10%, Forecasts Bigger-Than-Expected Drop In Annual Sales The iconic American cosmetics company, Estée Lauder, is facing a significant challenge as it reported a 10 percent decline in sales for the third quarter of the year. This decrease in revenue has set off alarm bells within the industry, signaling potential trouble ahead […]
Estée Lauder Faces US Legal Challenge Over China Sales Practices
Estée Lauder Faces US Legal Challenge Over China Sales Practices Estée Lauder, a renowned name in the beauty and skincare industry, is currently grappling with a legal challenge in the United States over its sales practices in China. The company, known for its high-quality products and global presence, has come under scrutiny following a government […]
Estée Lauder Inks Partnership With India’s Ministry of Commerce to Advance Beauty Innovation
Estée Lauder Collaborates with India’s Ministry of Commerce to Boost Beauty Innovation Estée Lauder Companies (ELC) has recently announced a groundbreaking partnership with India’s Ministry of Commerce to advance beauty innovation in the country. This strategic collaboration aims to expand ELC’s Beauty&You initiative, an entrepreneurial program tailored to unearth and support India’s budding beauty brands. […]
The Debrief | Can Estée Lauder Win Over the Modern Beauty Consumer?
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 […]