The Estée Lauder Companies (ELC) has announced a new licence agreement with luxury brand Balmain which will see the duo work together in developing, producing and distributing Balmain Beauty. In a release, ELC said that the new line is expected to launch in autumn 2024 and will aim to “transform the luxury and couture beauty world” through...
Sept 26, 2022
The Estée Lauder Companies has appointed Justin Boxford as global brand president, effective September 1, 2022. Boxford, the company said, succeeds Stéphane de La Faverie, whose promotion to executive group president was part of an organisational evolution announced recently. In his new role, Boxford reports to La Faverie and will continue to...
The Estée Lauder Companies Inc. has announced an organisational evolution across its brand portfolio to strategically position the company for long-term, sustainable growth. Effective September 1, 2022, the company said in a release that its brand portfolio evolved into two brand clusters led by Jane Hertzmark Hudis, executive group president,...
Sept 15, 2022
Estée Lauder, the beauty giant behind labels such as Tom Ford and Victoria Beckham, is thought to be close to reaching an licensing agreement with Balmain. The Paris based luxury house, which is owned by the Qatari Mayhoola investment vehicle, would be a coup for the cosmetics company, which would license Balmain beauty in a similar set up to...
Sept 2, 2022
Beauty conglomerate Estée Lauder is continuing its exploration of the digital world as it announces its participation in Decentraland’s upcoming Metaverse Fashion Week, scheduled for August 24 to 28. The group will be presenting an exclusive Proof of Attendance Protocol (POAP), created by identity designer Alex Box. In a release, Box said of the...
Aug 25, 2022
The Estée Lauder Companies has reported a drop in profit and revenue in the fourth quarter of the year as Covid-related restrictions in Mainland China continued to impact the business. In the three months to June 30, net income dropped sharply to 52 million dollars from 1.02 billion dollars a year earlier. Net sales in the quarter dropped 9.6...
Aug 19, 2022
Rumours that Tom Ford is looking to sell his namesake brand surfaced in July when Bloomberg said the fashion and beauty business had appointed Goldman Sachs to find a buyer. Speculation is rife that Estée Lauder may be the main contender to buy the business as it already owns the license for Tom Ford Beauty. Tom Ford, the company, currently...
Aug 2, 2022
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...
Jul 25, 2022
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...
Jul 15, 2022
The Estée Lauder Companies (ELC) has announced the election of Angela Wei Dong to its board of directors and the company’s Audit Committee, effective immediately. Dong, who is the global vice president and general manager, Greater China, of Nike, is now the 17th director on the beauty conglomerate’s board. Joining Nike in 2005, Dong worked her...
Jul 12, 2022
Beauty brand Clinique has revealed a new non-fungible token (NFT) campaign in partnership with digital artist Daz 3D, addressing the lack of representation in the metaverse. For the ‘Metaverse More Like Us’ campaign, the Estée Lauder-owned brand has collaborated with a number of global makeup artists, including Tess Daly and Sheika Daley, on the...
Jun 10, 2022
Beauty conglomerate Estée Lauder Companies (ELC) has revealed a new distribution centre in Galgenen, Switzerland, to accommodate the future growth of its global Travel Retail business. Covering all duty-free environments, the division is one of the company’s highest growth channels, it said in a release, touching over three billion consumers a...
Jun 9, 2022
This site uses cookies to deliver its services, to personalise ads and to analyse traffic. If you continue browsing the site, you agree to our use of cookies.