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The Estée Lauder Companies Inc. (NYSE: EL) is a globally recognized leader in the beauty industry. Specializing in high-quality skincare, makeup, fragrance, and hair care products, the company touches over half a billion consumers annually. Founded in 1946 by Estée Lauder and her husband, Joseph Lauder, the company has grown to be a dominant force in the luxury beauty market.
Estée Lauder's extensive portfolio includes well-known brands such as Estée Lauder, Clinique, MAC, Bobbi Brown, La Mer, Aveda, and many others. These products are sold in over 150 countries and territories, making the company's reach truly global. The firm's diverse distribution channels include department stores, travel retail, specialty multibrand beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.
The company has a strong market presence, generating 28% of its revenue from the Americas, 39% from Europe, the Middle East, and Africa (including travel retail), and 33% from the Asia-Pacific region. In 2023, Estée Lauder achieved 52% of their total sales from skincare products, followed by 28% from makeup, 16% from fragrances, and 4% from hair care.
Recent achievements include significant participation in high-impact social initiatives. For instance, M·A·C Cosmetics continues its long-standing commitment to supporting the fight against HIV/AIDS through the VIVA GLAM campaign, which has raised over $520 million globally. Additionally, M·A·C Cosmetics was the exclusive backstage beauty sponsor for Howard University's 2024 Springfest Fashion Show, emphasizing diversity and representation in the fashion and beauty sectors.
Estée Lauder is continuously innovating and expanding its product lines to meet consumer demands. Its financial condition remains robust, supported by strategic partnerships and a dedicated workforce. The company is also deeply invested in sustainable practices and corporate social responsibility, aiming to create a positive impact on both the environment and the communities it serves.
For those looking to join a dynamic and impactful company, Estée Lauder offers numerous career opportunities, which can be explored on their official website, www.elcompanies.com.
The Estée Lauder Companies (NYSE: EL) has announced an exclusive partnership with biotechnology company Serpin Pharma to develop innovative skin care ingredients focused on longevity benefits. The collaboration will leverage Serpin Pharma's anti-inflammatory research and proprietary biotech technology based on SERPINs (Serine Protease Inhibitors) to address skin irritation, aging, and sensitivity.
The partnership aims to translate Serpin's technology, which enhances the body's natural healing ability through innate immune response, into cosmetic applications. Scientific studies are currently underway to demonstrate the technology's effectiveness in rapidly reducing visible skin aging and irritation.
This initiative aligns with ELC's Beauty Reimagined strategic vision and builds upon their 75-year history in longevity science, biotechnology, and fermentation. The company maintains R&D and Innovation Centers globally, with scientists specializing in physics, chemistry, biology, and engineering.
The Estée Lauder Companies announced a major organizational restructuring under new President and CEO Stéphane de La Faverie's 'Beauty Reimagined' vision. The company is consolidating its regional structure into four geographic clusters to enhance efficiency and agility, effective April 1, 2025.
Key changes include: consolidation of EMEA, UK&I, and Emerging Markets under Nadine Graf; creation of an Americas cluster under Tara Simon and Amber English; and reorganization of brands into category clusters under Jane Hertzmark Hudis as Executive VP, Chief Brand Officer. The restructuring aims to create a flatter, leaner organization with simplified operations.
The company is also transforming its innovation approach, with Roberto Canevari appointed as EVP, Chief Value Chain Officer, overseeing packaging and engineering alongside supply chain responsibilities. Additional changes include planned recruitment for new executive roles in Technology, Data & Analytics, and Digital Marketing.
The Estée Lauder Companies (EL) launched 'Beauty Reimagined,' a new strategic vision aimed at restoring sustainable sales growth and achieving double-digit operating margins. The company reported Q2 FY2025 results with net sales declining 6% to $4.0 billion and operating margin falling to -14.5% from 13.4% year-over-year.
The company expanded its Profit Recovery and Growth Plan (PRGP), focusing on accelerating consumer coverage, transformative innovation, and increased consumer-facing investments. Key financial metrics include: adjusted operating margin contracted 200 basis points to 11.5%, and adjusted diluted EPS decreased to $0.62.
EL announced a significant restructuring program expecting to yield annual gross benefits of $0.8-1.0 billion, with estimated charges of $1.2-1.6 billion. The plan includes a net reduction of 5,800-7,000 positions. For Q3 FY2025, the company forecasts net sales decline of 10-8% on an organic basis.
The Estée Lauder Companies (NYSE: EL) has appointed Michael Bowes as Executive Vice President, Chief People Officer, effective April 1, 2025. As the company's first Chief People Officer, Bowes will oversee Global Human Resources operations, including talent management, career development, and organizational design.
Bowes joined ELC in 2015 and has led Global Talent Acquisition and Talent Management. His achievements include implementing a new internal talent marketplace, employee listening surveys, and leadership development programs. He has been actively involved in various initiatives including From Every Chair, Leading with High Touch, and the Reverse Mentor program.
Prior to ELC, Bowes served as Managing Director of Executive Search at Karen Harvey Consulting and held senior HR roles at retail organizations including Coach, Nike, Tommy Hilfiger, Cole Haan, and Saks Fifth Avenue. He will succeed Michael O'Hare, who has announced his retirement effective April 1, 2025.
Estée Lauder (EL) has announced the return of Paulina Porizkova as its newest Global Brand Ambassador. Porizkova, who previously served as a spokesmodel from 1988-1995, returns in a new role focused on redefining beauty standards and leading conversations about aging and self-worth.
The partnership represents a strategic shift, with Porizkova endorsing skincare and makeup products aligned with her pro-aging values. Her first campaign will launch in Spring 2025, promoting the Revitalizing Supreme+ franchise across print, digital, and in-store platforms.
This collaboration aims to amplify discussions around aging and beauty, with Porizkova joining Estée Lauder's current roster of global talent including Ana de Armas, Karlie Kloss, and others.
The Estée Lauder Companies (NYSE: EL) has announced it will release its fiscal 2025 second quarter results on February 4, 2025. The company will host a live webcast conference call at 8:30 a.m. (ET), featuring President and CEO Stéphane de La Faverie and EVP and CFO Akhil Shrivastava to discuss results, future prospects, and recent corporate developments.
The company notably mentions that all future calls will start an hour earlier than usual at 8:30 am (ET). Investors can access the webcast through the company's investor relations website, and the call will be archived for later access.
The Estée Lauder Companies (NYSE: EL) announced that Ronald S. Lauder is retiring from the Company's Board of Directors with immediate effect. His son-in-law Eric Zinterhofer has been elected to the Board as his designee, while his daughter Jane Lauder continues to serve in her current Board position. Mr. Lauder will remain Chairman of Clinique Laboratories,
Zinterhofer brings extensive financial and global business experience as a Founding Partner of Searchlight Capital Partners. He currently serves on multiple boards including Care Advantage, Hemisphere, Liberty Latin America, and TelevisaUnivision, and is Chairman of Charter Communications.
Ronald Lauder's tenure with the company spans over 50 years, serving in various capacities and on the Board from 1968 to 1986, 1988 to 2009, and 2016 until his current retirement. The company leadership expressed confidence that Zinterhofer's governance experience and strategic insight will support their plans for long-term growth.
The Estée Lauder Companies (NYSE: EL) conducted its Annual Meeting of Stockholders, where shareholders elected four Class I Directors: Paul J. Fribourg, Jennifer Hyman, Arturo Nuñez, and Barry S. Sternlicht. The meeting, chaired by Executive Chairman William P. Lauder, saw stockholders approve the appointment of PricewaterhouseCoopers LLP as independent auditors, endorse executive compensation through an advisory vote, and approve the Amended and Restated Fiscal 2002 Share Incentive Plan.
The Estée Lauder Companies (NYSE: EL) has announced its 2024 Annual Meeting of Stockholders, scheduled for Friday, November 8, 2024, at 10:00 a.m. (ET). The meeting will be held virtually and can be accessed through www.virtualshareholdermeeting.com/EL2024. A replay of the webcast will be available on the company's investor relations website afterward. The company operates as a leading global manufacturer and marketer of premium beauty products, selling through approximately 150 countries under various luxury brands including Estée Lauder, Clinique, M·A·C, La Mer, and others.
The Estée Lauder Companies' New Incubation Ventures (NIV) and NYKAA have announced the winners of BEAUTY&YOU India 2024, a program aimed at discovering and promoting emerging Indian beauty brands. The program received over 660 applications from more than 50 cities across categories including skin care, makeup, hair care, fragrance, and storytelling. Four winners were selected: SkinInspired (science-backed skincare), Not Just Vanilla (targeted body care solutions), Amright (female hair regrowth), and Journey of Objects (sustainable e-commerce marketplace). The winners were chosen by a panel of fourteen industry leaders during a live pitch session at The Leela Palace in New Delhi.
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