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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.
Today, The Estée Lauder Companies (NYSE: EL) announced the promotion of Guillaume Jesel to President of Global Brands for TOM FORD BEAUTY and BALMAIN BEAUTY. Effective immediately, Guillaume will oversee the strategic direction and growth of BALMAIN BEAUTY, while continuing to lead TOM FORD BEAUTY. His experience in luxury brand management has been pivotal to TOM FORD BEAUTY's expansion. This move aims to strengthen ELC's luxury portfolio and enhance its mergers and acquisitions strategy.
The Estée Lauder Companies Inc. (NYSE: EL) has announced a licensing agreement with BALMAIN to create a new line of luxury beauty products called BALMAIN BEAUTY, set to launch in fall 2024. This partnership aims to innovate in the luxury beauty sector through exceptional design and craftsmanship. Creative Director Olivier Rousteing highlights the collaboration's goal to disrupt the luxury beauty market. The Estée Lauder Companies continues to be a leader in prestige beauty products offered in around 150 countries, focusing on creativity and sustainability.
NEW YORK--(BUSINESS WIRE)-- The Estée Lauder Companies (NYSE:EL) has appointed Justin Boxford as the new Global Brand President of Estée Lauder, effective September 1, 2022. He succeeds Stéphane de La Faverie, who has been promoted to Executive Group President. Justin will lead Estée Lauder's short- and long-term strategy, focusing on innovation and international growth. Previously, he achieved significant success as head of La Mer, enhancing its market position and product offerings.
The Estée Lauder Companies announced an organizational evolution to enhance long-term growth and align with a rapidly changing beauty market. Effective September 1, 2022, two brand clusters will be led by Jane Hertzmark Hudis and Stéphane de La Faverie, who has been promoted. This restructuring aims to improve internal talent development while optimizing brand performance. The leadership team will oversee the brand's business and innovation, driving strategies for key product categories. The changes reflect the company's commitment to leadership development and industry relevance.
Estée Lauder is set to participate in Decentraland's Metaverse Art Week from August 24-28, showcasing a unique Proof of Attendance Protocol (POAP) designed by Dr. Alex Box. This initiative reflects the brand's commitment to merging beauty, art, and technology, inspired by the legacy of its founder. Attendees can claim the POAP at select locations, granting them exclusive access to future Web3 events. Stéphane de La Faverie emphasized the importance of innovation and reaching new audiences through the metaverse, indicating a forward-thinking approach to brand engagement.
The Estée Lauder Companies reported a 9% increase in net sales to $17.74 billion for fiscal year ending June 30, 2022. However, diluted EPS dropped to $6.55 from $7.79. Organic net sales grew 8% with significant contributions from the Americas and EMEA, alongside an impressive 30% growth in fragrance sales. Adjusted diluted EPS rose 12% in constant currency to $7.24. Despite a strong year, challenges from COVID-19 and operational disruptions in Asia impacted performance. The company anticipates strong organic sales growth for fiscal 2023.
The Estée Lauder Companies Inc. (NYSE: EL) announced a quarterly dividend of $.60 per share on its Class A and Class B Common Stock, payable on September 15, 2022. This dividend will be distributed to stockholders of record by the close of business on August 31, 2022. Estée Lauder is recognized globally as a leader in manufacturing and marketing premium skin care, makeup, fragrance, and hair care products, with a presence in approximately 150 countries.
The Estée Lauder Companies Inc. (NYSE: EL) will announce its fiscal 2022 fourth quarter and full-year results on August 18, 2022, at 9:30 a.m. (ET). A live webcast of the conference call will discuss the results, future outlook, and recent corporate developments, hosted by President and CEO Fabrizio Freda and EVP and CFO Tracey T. Travis. Investors can access the webcast at elcompanies.com/investors.
Estée Lauder is a leading global manufacturer of skincare, makeup, fragrance, and hair care products, available in around 150 countries.
The Estée Lauder Companies Inc. (NYSE:EL) has appointed Angela Wei Dong to its Board of Directors, effective July 11, 2022. She brings extensive experience from her role as Global Vice President and General Manager for Greater China at Nike. William P. Lauder, Executive Chairman, expressed confidence that Angela's strong background in finance and strategic branding will provide valuable insights to the board. With this appointment, the board now comprises 17 directors.
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