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1 ημέρα πριν · Estée Lauder's challenges continue. Estée Lauder, which owns brands like Aveda, Clinique, La Mer, and Mac, reported a decline in organic sales of 5% and revenue of 4% to $3.36 billion, which ...
1 ημέρα πριν · EL. (Reuters) - Estee Lauder pulled back its 2025 sales and profit forecasts on Thursday on weak demand for its luxury makeup and fragrances in China, sending its shares down 15% before the bell. The company, which named insider Stephane de La Faverie as CEO on Wednesday to revamp its business, also nearly halved its quarterly dividend payout.
3 ημέρες πριν · Cosmetics giant Estee Lauder on Wednesday named Stephane de La Faverie as its new president and CEO, effective Jan. 1, 2025. La Faverie is currently the executive group president at the company and oversees high-end fragrance brands such as Jo Malone London, Frederic Malle, Le Labo and Kilian Paris. In August, the company said CEO Fabrizio Freda was retiring next year and would remain as an ...
2 ημέρες πριν · EL. (Reuters) - Estee Lauder withdrew its 2025 sales and profit forecasts on Thursday due to a slowdown in demand for luxury beauty products in major markets such as China. The company had on Wednesday named insider Stephane de La Faverie as its new CEO to revamp its business. Shares of the New York-based company fell 9% in premarket trading.
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