The Estée Lauder Companies (ELC) has announced a number of changes in the top ranks of its North America and Asia-Pacific markets. Mark Loomis, who has been the company’s president of Asia-Pacific since 2018, is to become president of North America, effective February 1 2022. In his new role, Loomis will be responsible for top- and bottom-line...
Nov. 19, 2021
Estée Lauder has joined the International Space Station (ISS) National Laboratory Sustainability Challenge: Beyond Plastics, as an exclusive partner. Estée Lauder will provide funding for awarded proposals, as a part of its commitment to support research that will promote innovation in sustainable packaging. The ISS National Lab Sustainability...
Oct. 29, 2021
WWD has reported that Estée Lauder will be closing its Aramis & Designer Fragrances division. Brands under the division include Aramis, Tommy Hilfiger, Michael Kors, Donna Karan, DKNY and Ermenegildo Zegna. Aramis, their men’s line, will move into another division within the company. The other licenses will begin to end between now and 2023....
Sep. 30, 2021
International skincare and makeup manufacturer Estée Lauder has signed acclaimed model Adut Akech, as its new brand global ambassador. Adut will be featured from July in makeup and skincare campaigns across digital, TV, print, and in-store. Stéphane de La Faverie, group president, The Estée Lauder Companies said in a statement: “Adut is one of...
Jun. 4, 2021
The Estée Lauder Companies (ELC) has increased its 29 percent stake in Canadian-based multi-brand group Deciem to a majority stake of 76 percent. ELC said it has agreed to purchase the remaining interests after a three-year period “at a price that will be determined based on the future performance of Deciem”. Deciem was founded in 2013 by the...
May 19, 2021
The Estée Lauder Companies has appointed Meridith Webster to the newly-created role of executive vice president, global communications and public affairs, effective May 17. In her new position, Webster will succeed Alexandra (Alex) Trower as head of global communications and Maria Cristina (MC) González Noguera as head of global public affairs....
May 11, 2021
Washington - The Estée Lauder Companies Inc. (EL) reported a profit for its second quarter that rose from the same period last year. The company's earnings came in at 873 million dollars, or 2.37 dollars per share. This compares with 557 million dollars, or 1.52 dollars per share, in last year's second quarter. Excluding items, The Estée Lauder...
Feb. 5, 2021
Estée Lauder has announced the appointment of Roberto Canevari as executive vice president, global supply chain, effective 1 May. Canevari succeeds Gregory F. Polcer, who is retiring on 1 July after nearly 13 years with the company. In his new role, Canevari will report directly to president and CEO Fabrizio Freda. “I am thrilled to welcome...
Jan. 25, 2021
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...
Jun. 26, 2020
For its second quarter, the Estée Lauder Companies Inc., reported net sales of 4.62 billion dollars, up 15 percent from the prior-year period, while excluding the impact of currency translation, net sales increased 16 percent. The company said in a statement that net earnings were 557 million dollars compared with 573 million dollars last year...
May 1, 2020
The Estée Lauder Companies, Inc. is expanding its empire. The leading beauty manufacturer and marketer, whose portfolio already includes a number of name-brand skincare, makeup, fragrance and hair care brands, has announced the acquisition of Have & Be Co. Ltd. The deal is expected to close next month. A Seoul-based, global skin care company,...
Nov. 18, 2019
Selfridges, Burberry and Mulberry have all been nominated in the annual Walpole British Luxury Awards, which will take place at The Dorchester in London on November 18. The awards, which will be presented by actor Laurence Fox, will feature ten categories to celebrate the “very best high-end products and services from a diverse range of British...
Nov. 11, 2019
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