ESTEE LAUDER news and archive

Estée Lauder Companies launches beauty app for visually impaired community

Beauty conglomerate Estée Lauder Companies (ELC) UK & Ireland has launched a new artificial intelligence-powered mobile app dedicated to helping visually impaired users easily apply makeup. The Voice-Enabled Makeup Assistance (VMA) comes as part of ELC’s ambition to better support the visually impaired community by enabling self-empowerment...

Jan 12, 2023

People |Opinion Featured

When Tom Ford exits his label, a challenge lies ahead for Estée Lauder

There was no fine print suggesting Tom Ford may exit his brand after the 2.8 billion dollar deal with Estée Lauder is completed. It was clear as day, in dried ink, that Mr Ford “will continue to serve as the brand’s creative visionary after closing and through the end of calendar 2023.” That would make Mr Ford free to pursue other avenues in...

Nov 20, 2022

BusinessFeatured

Estée Lauder to buy Tom Ford brand for 2.3 billion dollars

The Estée Lauder Companies Inc.(ELC) has signed an agreement to acquire the Tom Ford brand. The company said in a release that the deal values the total enterprise at 2.8 billion dollars and the amount to be paid by ELC for the acquisition is approximately 2.3 billion dollars. Commenting on the development, Fabrizio Freda, president and chief...

Nov 16, 2022

Business

Estée Lauder and Balmain partner to launch Balmain Beauty

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...

Sep 26, 2022

Business

Estée Lauder names Justin Boxford as global brand president

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...

Sep 26, 2022

BusinessFeatured

Estée Lauder announces changes to brand portfolio leadership

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,...

Sep 15, 2022

Fashion

Are Estée Lauder and Balmain launching a beauty partnership?

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...

Sep 2, 2022

Culture

Estée Lauder to join Decentraland’s Metaverse Art Week

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

Business

Estée Lauder reports drop in Q4 sales, profit

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

Business

Estee Lauder in talks to buy Tom Ford in 3 billion dollar deal

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

Business |Beauty Featured

Estée Lauder and Nykaa launch incubator to support Indian beauty entrepreneurs

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

Business

Glamglow follows Smashbox in exiting UK market

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