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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 Inc. (NYSE:EL) has announced leadership transitions in its North America region. Mark Loomis, Group President, North America, will retire at the end of fiscal year 2025. He will be succeeded by Tara Simon as President, North America, and Amber English as President, Digital and Online, North America, effective January 1, 2025.
Simon will focus on executing the company's brick-and-mortar channel strategy, while English will oversee the acceleration of digital-first transformation and omni-capabilities. Both leaders bring extensive experience in prestige beauty and commercial expertise to drive growth in the North America region.
The company's CEO, Fabrizio Freda, praised Loomis for his visionary leadership and contributions over nearly three decades, and expressed confidence in Simon and English's ability to capture new growth opportunities in the evolving North American market.
Estée Lauder (NYSE: EL) has launched its inaugural Emerging Leaders Beautiful Forces grants, partnering with Vital Voices Global Partnership through the Estée Lauder Emerging Leaders Fund (ELELF). The initiative aims to support emerging women leaders globally with an initial award of $200,000 allocated among four recipients.
The 2024 grant awardees are:
- Amina Mohamed (Canada) - Cameras for Girls
- Consuelo Hermosilla González (Chile) - Fundación Antonia
- Olasumbo Adeleke (Nigeria) - Gender Power Africa
- Renata Koch Alvarenga (Brazil) - EmpoderaClima
These grants will enable the recipients to expand their organizations' reach and impact in areas such as media empowerment, domestic violence prevention, economic empowerment for rural women, and climate education. The ELELF has also supported other initiatives, including the VV Visionaries Leadership Program, which has trained 400 women leaders from over 60 countries.
The Estée Lauder Companies Inc. (NYSE: EL) has issued a warning to its stockholders regarding an unsolicited 'mini-tender' offer from TRC Capital Investment TRC is attempting to purchase up to 1,500,000 shares (approximately 0.64%) of EL's Class A common stock at $83.65 per share in cash. Estée Lauder strongly recommends against tendering shares, citing that the offer price is below the current market value and subject to numerous conditions.
The company emphasizes that it is not associated with TRC or this offer. Estée Lauder warns that mini-tender offers (seeking less than 5% of shares) can bypass SEC disclosure and procedural requirements designed to protect investors. The SEC has cautioned about such offers potentially catching investors off guard with below-market prices. Stockholders are advised to obtain current market quotations and consult with financial advisors before considering the offer.
TOM FORD has appointed Haider Ackermann as Creative Director, effective immediately. Ackermann will lead creative efforts across all TOM FORD fashion categories, including menswear, womenswear, accessories, and eyewear. The brand is owned by The Estée Lauder Companies Inc. (NYSE:EL), with fashion licensed to Ermenegildo Zegna Group and eyewear to Marcolin SpA.
Ackermann, known for blending luxurious fabrics with impeccable tailoring, will debut his first collection at Paris Fashion Week in March 2025. He will be based in Paris, reporting to Guillaume Jesel, President and CEO of TOM FORD, and Lelio Gavazza, CEO of TOM FORD FASHION. Founder Tom Ford expressed excitement about Ackermann's appointment, praising his work and shared design sensibilities.
Balmain launches its first beauty creation, 'Les Éternels de Balmain', a collection of eight all-gender eaux de parfum. Creative Director Olivier Rousteing builds on Balmain's fashion and perfume history to redefine beauty for the future. The collection features fragrances from four olfactive families: Musk, Amber, Floral, and Woody.
Rousteing's vision emphasizes inclusivity and individuality in luxury fragrance-making. The collection includes reinvented legacy scents and new creations, all designed to celebrate diverse beauties. Balmain Beauty aims to expand globally into new categories, marking a new chapter for the brand.
The launch is part of Balmain's strategy to maximize cross-category potential and become a leader in the luxury world. The partnership with The Estée Lauder Companies supports this ambitious growth plan.
Tracey T. Travis, Executive Vice President and CFO of The Estée Lauder Companies (NYSE: EL), will speak at the Barclays Annual Global Consumer Staples Conference in Boston on September 3, 2024, at 12:00 p.m. EST. A live webcast of the fireside chat will be available from 12:00 p.m. – 12:35 p.m. EST at the company's investor website.
The Estée Lauder Companies is a global leader in luxury and prestige beauty brands, selling skin care, makeup, fragrance, and hair care products in approximately 150 countries. Their portfolio includes renowned brands such as Estée Lauder, Clinique, M·A·C, La Mer, Bobbi Brown, Aveda, Jo Malone London, TOM FORD, and The Ordinary, among others.
The Estée Lauder Companies Inc. (NYSE: EL) has announced a quarterly dividend of $.66 per share on its Class A and Class B Common Stock. The dividend will be paid on September 16, 2024, to stockholders of record at the close of business on August 30, 2024. Estée Lauder is a global leader in manufacturing, marketing, and selling premium skin care, makeup, fragrance, and hair care products. The company's portfolio includes renowned brands such as Estée Lauder, Clinique, M·A·C, La Mer, and TOM FORD, among others. Their products are sold in approximately 150 countries and territories worldwide, cementing the company's position as a steward of luxury and prestige brands globally.
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.
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