On December 26, 2024, Richard “Dick” D. Parsons, a long-serving member of The Estée Lauder Companies (ELC) board of directors, passed away. For more than two decades, the company said in a statement, Parsons was a member of the company's board of directors, and a trusted advisor, mentor and friend to three generations of the Lauder family and...
30 Dec 2024
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...
31 Oct 2024
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...
30 Oct 2024
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...
7 Aug 2024
The Estée Lauder Companies (ELC) has appointed Akhil Shrivastava a executive vice president and chief financial officer, succeeding Tracey T. Travis, whose retirement was announced on July 11, 2024. Joining on November 1, 2024, Shrivastava will report to William P. Lauder, executive chairman, and Fabrizio Freda, president and chief executive...
24 Jul 2024
The Estée Lauder Companies (ELC) has completed its acquisition of the Canadian multi-brand company DECIEM Beauty Group. Estée Lauder first invested in DECIEM in 2017, increased its stake to become majority owner in 2021, and recently exercised its option to purchase the remaining interests after a three-year period on May 31, 2024 using cash on...
4 Jun 2024
Fine perfumery Le Labo, part of The Estée Lauder Company, is set to make its regional debut at Victoria Leeds this summer as it continues to expand its international presence with a focus on premium retail destinations. The new 1,500 square-foot Le Labo Victoria Leeds boutique will be located on Queen Victoria Street, joining international...
13 May 2024
The Estée Lauder Companies has appointed Shane Wolf as president, global brands, Aveda and Bumble and Bumble, effective July 1, 2024. Wolf, the company said, will report to Jane Hertzmark Hudis, executive group president, The Estée Lauder Companies, and join the company’s executive leadership team. The company added that with more than 25...
9 May 2024
For the third quarter, The Estée Lauder Companies reported net sales of 3.94 billion dollars, an increase of 5 percent with organic net sales increase of 6 percent due to double-digit growth in Europe, the Middle East & Africa (EMEA), driven by stronger sales in Asia travel retail. The company’s third quarter net earnings rose to 330 million...
1 May 2024
Dexter King has been appointed as senior vice president, global general manager, Tom Ford Beauty. King stepped into this role effective April 1, 2024 and will continue reporting to Guillaume Jesel, president and CEO, Tom Ford and luxury business development, The Estée Lauder Companies. King will also join The Estée Lauder Companies extended...
8 Apr 2024
The Ermenegildo Zegna Group has appointed Lelio Gavazza to the newly created position of chief executive officer of Tom Ford Fashion, effective September 18. In a statement, the fashion group said that Gavazza will report to Gildo Zegna, chairman and chief executive of the Zegna Group and will be part of the senior management of the group. As...
18 Jul 2023
The Estée Lauder Companies Inc. reported net sales of 3.75 billion dollars for its third quarter ended March 31, 2023, a decline of 12 percent from the prior-year period. Organic net sales fell 8 percent, primarily driven by Asia travel retail in Hainan and Korea. The company reported net earnings of 156 million dollars compared to 558 million...
3 May 2023