Estee Lauder news and archive

Leonard Lauder, beauty mogul who globalised Estée Lauder, dies at 92

Leonard A. Lauder, the visionary behind the transformation of Estée Lauder Companies from a modest family business into a multi-brand global beauty powerhouse, has died at the age of 92. A Wharton graduate and former U.S. Navy officer, Lauder joined the company in 1958 and served as president, CEO, and later chairman emeritus. Under his...

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Estée Lauder appoints Brian Franz as Chief Technology, Data & Analytics Officer

The Estee Lauder Companies Inc. (EL), Tuesday announced that it has named Brian Franz its Chief Technology, Data & Analytics Officer, effective April 21. Previously Executive Vice President and CIO at State Street, Franz brings extensive experience from leadership roles at Diageo, PepsiCo, GE, and AT&T. EL is currently trading at 54.76 dollars,...

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Fashion

Haider Ackermann’s Tom Ford debut balances modern sensuality with a respectful reinvention

For his highly anticipated debut as Creative Director of Tom Ford, Haider Ackermann opted for a subtle, atmospheric nod to the brand’s origins — deftly recreating the kind of show environment long associated with Mr. Ford’s own era-defining presentations. The space was a study in seductive restraint: dimly lit, framed by smoked mirrors, lined...

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Business

Under Armour hires former Estée Lauder executive director to spearhead AI & Analytics division

Sportswear giant Under Armour, Inc. has hired Liz Bacelar, the former executive director of global tech innovation at Estee Lauder, to head its new artificial intelligence and advanced analytics division. In her new role at Under Armour, Bacelar has been tasked with building a team of data scientists, engineers and AI specialists to integrate...

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Estee Lauder's international president Peter Jueptner to step down

Peter Jueptner, group president, international, The Estée Lauder Companies has decided to step down from his role as of April 1, 2025, and to leave the company effective June 30, 2025. “Over the course of his impressive career with us, Peter has been one of the key architects of The Estée Lauder Companies, helping to expand our brand portfolio,...

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Ronald S. Lauder retires from Estée Lauder board, Eric Zinterhofer joins

On Friday, Estée Lauder Companies (EL) announced the retirement of Ronald S. Lauder from its Board of Directors, effective immediately. Following his retirement, the Board has elected Eric Zinterhofer as a director. Under the stockholders' agreement with the Lauder family, Lauder has the right to appoint two board members. While his daughter,...

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Business

Headwinds in China and Asia travel retail impact Estée Lauder's Q1

Estée Lauder’s first quarter net sales of 3.36 billion dollars, decreased by 4 percent, while organic net sales decreased 5 percent. For the second quarter reported and organic net sales are forecasted to decrease between 8 percent and 6 percent, reported diluted net earnings per share are projected to be between 2 cents and 19 cents and...

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People

Stéphane de La Faverie to succeed Fabrizio Freda as Estée Lauder’s new CEO

Estée Lauder has announced the appointment of Stéphane de La Faverie as its new president and chief executive officer and member of its board of directors, effective January 1, 2025. The company said in a statement that de La Faverie will succeed Fabrizio Freda, who announced his intention to retire earlier this year after more than sixteen...

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People

Tara Simon and Amber English to lead Estée Lauder’s North America business

The Estée Lauder Companies has announced that after more than 28 years with the company, Mark Loomis, group president, North America, will retire at the end of fiscal year 2025. He will be succeeded by Tara Simon, who will assume the role of president, North America, and Amber English, who will assume the role of president, digital and online,...

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Business

Estée Lauder's sales and earnings decline

The Estée Lauder Companies reported full year net sales of 15.61 billion dollars, a decrease of 2 percent versus the prior year, while organic net sales decreased 2 percent. The company’s reported net earnings declined to 0.39 billion dollars. The company said that the fourth quarter net sales of 3.87 billion dollars, a 7 percent increase,...

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People|Beauty

The Estée Lauder Companies president and CEO to retire

The Estée Lauder Companies has announced that president and chief executive Fabrizio Freda intends to retire at the end of fiscal year 2025, after more than 16 years at the company. In a statement, Estée Lauder’s board said it was “well advanced” in its long-established CEO succession planning process and has considered many highly qualified...

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Rashida La Lande to join Estée Lauder as EVP and general counsel

The Estée Lauder Companies has named Rashida La Lande as executive vice president and general counsel, effective August 19, 2024. The company said in a release that La Lande will jointly report to William P. Lauder, executive chairman, and Fabrizio Freda, president and chief executive officer. She will join the company’s executive leadership...