Estée Lauder Sales Rise 2%, Job Cuts to Expand
Double-digit growth in the conglomerate’s perfume division helped offset a lack of growth in its other units as the company continues its years-long turnaround strategy.
Daniela Morosini
Daniela Morosini is Senior Beauty Correspondent and Special Projects Editor at The Business of Beauty at BoF. A beauty specialist, Daniela has previously been a beauty editor for both British Vogue and Vogue Business, and worked for Refinery29 and Space NK. Daniela's writing has appeared in the Financial Times, New York Magazine, Elle and Grazia.
Beauty
Can the ‘MAC of Italy’ Make It in America?
European cosmetics giant Kiko Milano has racked up over $1 billion in sales with storefronts across the globe from Chile to India. Until now, success in the hyper-competitive US market has been more elusive, however.
Can the ‘MAC of Italy’ Make It in America?
European cosmetics giant Kiko Milano has racked up over $1 billion in sales with storefronts across the globe from Chile to India. Until now, success in the hyper-competitive US market has been more elusive, however.
Beauty
Case Study | How to Build a Forever Beauty Brand
Beauty lines rarely struggle to generate buzz when they launch. A famous face, a splashy marketing stunt and a single viral product can generate headlines and fast revenue. This success is often fleeting. This case study explores how to create, scale and execute an enduring, future-proofed beauty label.
Case Study | How to Build a Forever Beauty Brand
Beauty lines rarely struggle to generate buzz when they launch. A famous face, a splashy marketing stunt and a single viral product can generate headlines and fast revenue. This success is often fleeting. This case study explores how to create, scale and execute an enduring, future-proofed beauty label.
Beauty
How ‘Millennial Cringe’ Is Reshaping Makeup
Customers across various generational cohorts are changing their routines for fear of looking out of date — not looking their age.
How ‘Millennial Cringe’ Is Reshaping Makeup
Customers across various generational cohorts are changing their routines for fear of looking out of date — not looking their age.
Luxury
What Comes After the Golden Age of Travel Retail
While passenger numbers have recovered to pre-pandemic levels, sales in duty-free hubs like airports are sluggish. The reality is pushing many brands to rethink their presence: those that want to chase volume have to innovate the offering, or adapt their stores to function more as billboards.
What Comes After the Golden Age of Travel Retail
While passenger numbers have recovered to pre-pandemic levels, sales in duty-free hubs like airports are sluggish. The reality is pushing many brands to rethink their presence: those that want to chase volume have to innovate the offering, or adapt their stores to function more as billboards.
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Beauty
What Beauty’s Richest Customers Want
Increasingly, beauty brands that target high-net-worth individuals are not competing against their Sephora shelfmates. They’re competing against luxury experiences or goods, like a stay at the Amangiri or a trip to a top plastic surgeon.
What Beauty’s Richest Customers Want
Increasingly, beauty brands that target high-net-worth individuals are not competing against their Sephora shelfmates. They’re competing against luxury experiences or goods, like a stay at the Amangiri or a trip to a top plastic surgeon.
Beauty
Violet Grey Plots Its Future
The taste-making US retailer will open a pop-up inside London’s Harvey Nichols and begin shipping to the UK on April 20 as it continues to grow its footprint.
Violet Grey Plots Its Future
The taste-making US retailer will open a pop-up inside London’s Harvey Nichols and begin shipping to the UK on April 20 as it continues to grow its footprint.
Beauty
Why Estée Lauder Companies and Puig Need Each Other
The Spanish owner of Byredo, Rabanne and Charlotte Tilbury and the American conglomerate confirmed on Monday that they are in discussions to combine their businesses. A merger could reshape the beauty and fashion landscape.
Why Estée Lauder Companies and Puig Need Each Other
The Spanish owner of Byredo, Rabanne and Charlotte Tilbury and the American conglomerate confirmed on Monday that they are in discussions to combine their businesses. A merger could reshape the beauty and fashion landscape.
Beauty
Advent International Acquires Salt & Stone
The premium body care maker will join the private equity firm’s portfolio, which also includes Olaplex and Parfums de Marly.
Advent International Acquires Salt & Stone
The premium body care maker will join the private equity firm’s portfolio, which also includes Olaplex and Parfums de Marly.
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Beauty
In a Pricing Pinch, Mass Beauty Brands Get Creative
Lower-priced beauty brands are feeling the pinch as fixed costs rise and customers reign in their spending. To grow, brands will need to rebuild creative muscle to improve product development and maximise marketing.
In a Pricing Pinch, Mass Beauty Brands Get Creative
Lower-priced beauty brands are feeling the pinch as fixed costs rise and customers reign in their spending. To grow, brands will need to rebuild creative muscle to improve product development and maximise marketing.
Beauty
The Debrief | Why Fragrance Is Fashion’s Newest Digital Frontier
Daniela Morosini and Rachael Griffiths explain why fragrance is moving online – and how brands are increasingly selling scent through storytelling, styling and the idea of a fragrance wardrobe.
The Debrief | Why Fragrance Is Fashion’s Newest Digital Frontier
Daniela Morosini and Rachael Griffiths explain why fragrance is moving online – and how brands are increasingly selling scent through storytelling, styling and the idea of a fragrance wardrobe.
Beauty
One of These Companies Could Be the Next Hair-Care Giant
Indie hair-care brands are tempting conglomerates with their next-gen products and fast-moving ethos, but the current big beauty landscape lacks a dominant player. Firms like Wella Company, Henkel and L’Oréal are all vying for the top spot.
One of These Companies Could Be the Next Hair-Care Giant
Indie hair-care brands are tempting conglomerates with their next-gen products and fast-moving ethos, but the current big beauty landscape lacks a dominant player. Firms like Wella Company, Henkel and L’Oréal are all vying for the top spot.
Beauty
Estée Lauder’s Surprise Acquisition, Explained
The American cosmetic giant’s buyout of Ayurvedic beauty line Forest Essentials came as a surprise. By picking an under-the-radar brand it knows well, the company can show that it’s still in the M&A game without needing to outbid rivals.
Estée Lauder’s Surprise Acquisition, Explained
The American cosmetic giant’s buyout of Ayurvedic beauty line Forest Essentials came as a surprise. By picking an under-the-radar brand it knows well, the company can show that it’s still in the M&A game without needing to outbid rivals.
The News in Brief
Good Earth Founder Anita Lal to Launch Skincare Range
Iti, a new premium range of skincare products, will be available from April 28 in her line of Good Earth lifestyle stores throughout India.
Puig, Estée Lauder Companies Considering Merger
The Spanish owner of Byredo, Rabanne and Charlotte Tilbury and the American conglomerate confirmed on Monday that they are in discussions to combine their businesses.
Puig Announces New CEO
Jose Manuel Albesa will succeed Marc Puig, becoming the first non-family member to lead the Spanish conglomerate in more than 20 years.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
LVMH Names Deputy CEO of Beauty Division, Parfums Christian Dior
Philippe Farnier, a longtime LVMH executive, will step into the new role effective immediately, reporting to divisional head Véronique Courtois.
Makeup by Mario Appoints Global President
Melissa Sperau, formerly of Shiseido, will join the US prestige cosmetics maker effective March 6.
Estée Lauder Companies Executive Kendal Ascher Has Died
Ascher worked at the American cosmetics firm for 25 years.