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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) reported fiscal 2024 results with net sales of $15.61 billion, a 2% decrease from the previous year. Organic net sales also declined 2%, primarily due to ongoing softness in mainland China and a decline in Asia travel retail. Net earnings fell to $0.39 billion from $1.01 billion in the prior year. Diluted EPS decreased to $1.08 from $2.79, while adjusted diluted EPS fell 25% to $2.59.
The company expects improved performance across most business areas in fiscal 2025, partially offset by continued soft consumer sentiment in China. The Profit Recovery and Growth Plan is expected to offset profitability pressure from ongoing softness in China's prestige beauty segment. Estée Lauder aims to rebalance regional growth, improve annual profitability, and strengthen go-to-market and innovation capabilities.
The Estée Lauder Companies Inc. (NYSE: EL) has announced that CEO Fabrizio Freda intends to retire at the end of fiscal year 2025. The Board of Directors is well advanced in its CEO succession planning process, considering both internal and external candidates. Until a successor is appointed, Freda will continue to lead the company's strategic initiatives, including the Profit Recovery and Growth Plan.
Freda, who has served the company for over 16 years, will partner with his successor to ensure a smooth transition and will be available as an advisor in fiscal year 2026. The Board, Freda, and the leadership team remain focused on addressing current challenges faced by the company. Executive Chairman William P. Lauder expressed gratitude for Freda's service and his role in transforming the business to meet evolving consumer aspirations.
Lab Series, a performance-driven skincare brand for men, has launched in the U.S. Amazon Premium Beauty store. This expansion provides broader access to Lab Series' high-performance formulas backed by science. The Lab Series store on Amazon offers:
- Educational content tailored to men's skin concerns
- Targeted product solutions with proven results
- Shoppable recommendations for personalized skincare routines
The launch aims to address the growing men's skincare market and the lack of bespoke education in this sector. Amazon customers can now purchase a wide selection of Lab Series products, including best-sellers from the All-In-One, Daily Rescue, and Max LS series. With over 30 years of research and development, Lab Series focuses on creating solutions tailored to men's unique skin physiology and needs.
The Estée Lauder Companies Inc. (NYSE: EL) has announced it will release its fiscal 2024 fourth quarter and full year results on August 19, 2024. The company will host a live webcast at 9:30 a.m. (ET) to discuss the results, future prospects, and recent corporate developments. Fabrizio Freda, President and CEO, and Tracey T. Travis, EVP and CFO, will lead the call. Interested parties can access the webcast at http://www.elcompanies.com/investors, and the call will be archived on the company's website for future reference.
Smashbox, the iconic beauty brand known for innovative, high-performance makeup, has launched in the U.S. Amazon Premium Beauty store. This expansion aims to increase accessibility of Smashbox's products, including their bestselling Original Photo Finish Smooth and Blur Primer, to Amazon's vast customer base. The dedicated storefront features:
1. A wide array of studio-vetted makeup products
2. The exclusive Primer Finder tool for personalized recommendations
3. Educational content about innovative formulations
4. Prime member benefits like fast, free shipping
This strategic move aligns with Smashbox's commitment to meeting evolving consumer needs and reinforces its position as a leader in makeup innovation, catering to both professionals and makeup enthusiasts.
The Estée Lauder Companies Inc. (NYSE: EL) has appointed Rashida La Lande as Executive Vice President and General Counsel, effective August 19, 2024. La Lande will report to William P. Lauder, Executive Chairman, and Fabrizio Freda, President and CEO. She will lead ELC's global Legal organization, overseeing legal strategy, practices, and policies. La Lande brings over 25 years of experience, joining from The Kraft Heinz Company where she was Executive VP and Global Chief Legal and Corporate Affairs Officer. Her responsibilities will include advising on complex global legal issues, corporate strategies, compliance, risk mitigation, and business transactions. La Lande's appointment is seen as strategic for driving ELC's long-term sustainable, profitable growth.
Dr.Jart+, the renowned Korean skincare brand, has launched in the U.S. Amazon Premium Beauty store, expanding its reach to new consumers. Known for high-performance derma skincare products with instant results, Dr.Jart+ offers Prime members fast, free shipping on all orders. The brand's Amazon store features signature Skin-a-gram videos on product pages, providing educational and entertaining content about product benefits and ingredients.
Consumers can now easily access Dr.Jart+'s full range of products, including bestsellers like Cicapair™ Tiger Grass Color Correcting Treatment and Ceramidin™ Skin Barrier Moisturizing Cream. The brand's presence on Amazon aims to capitalize on the growing interest in Korean skincare and K-beauty trends among U.S. consumers.
The Estée Lauder Companies Inc. (NYSE: EL) has announced that Akhil Shrivastava will become the new Executive Vice President and Chief Financial Officer, effective November 1, 2024. He will succeed Tracey T. Travis, who is retiring. Akhil, with over 25 years of financial and leadership experience, will oversee Global Finance, Accounting, Tax, Treasury, Investor Relations, and New Business Development.
Akhil joined ELC in 2015 and has held several senior finance roles. He will lead the Global Finance & Strategy organization and focus on driving sustainable value creation, governance, and strategic business objectives. Akhil will report to William P. Lauder, Executive Chairman, and Fabrizio Freda, President and CEO.
TOM FORD has announced the departure of Peter Hawkings as Creative Director. Hawkings, who has been with the brand since its inception, took the helm of creative in April 2023. Guillaume Jesel, President and CEO of TOM FORD and Luxury Business Development at The Estée Lauder Companies, expressed gratitude for Hawkings' exceptional contributions. Lelio Gavazza, CEO of TOM FORD FASHION, thanked Hawkings for his collaboration during the initial phase of development under the Ermenegildo Zegna Group.
The Spring-Summer 2025 collection will be presented in the Milan showroom in September 2024. A successor to Hawkings will be announced in the near future.
The Estée Lauder Companies (NYSE: EL) announces the third edition of BEAUTY&YOU India for 2024, focusing on 'Supercharged Futures' in the Indian beauty sector. Created by ELC's New Incubation Ventures and partnered with NYKAA, the program aims to discover and support India-focused beauty brands. Applications open from July 16 to August 29, 2024, with winners announced on November 16, 2024, in Goa.
The 2024 program introduces the BEAUTY&YOU India Bootcamp, offering winners one-on-one mentorship with industry leaders. Prizes include financial support up to 4 Crore ($500k), distribution access, mentorship, and research resources. Categories cover Skin Care, Make Up, Hair Care, and Fragrance, with awards for pre-launch concepts, in-market concepts, and creative talent.
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