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...The Tom Ford trademark is currently owned by New York-based Estée Lauder and its fashion line is run by the Ermenegildo Zegna Group....
...Among its backers are the family offices or companies behind brands such as Swarovski, Adidas and Estée Lauder, as well as entrepreneurs including Skype co-founder Niklas Zennström....
...Estée Lauder shares surged 19 per cent at Wall Street’s opening bell after the cosmetics company said it will cut up to 5 per cent of its workforce as part of a much-anticipated restructuring plan to boost...
...Shares of Estée Lauder plunged more than 15 per cent in pre-market trading after the US cosmetics maker slashed its profit forecast, blaming slow growth in Asia and disruption from the Israel-Hamas war....
...Estée Lauder shares closed down 18.9 per cent at a six-year low on Wednesday, in what was their biggest one-day drop since the company went public in 1995....
...Other companies: CVS Health, KKR, Marriott International, Estée Lauder, Kraft Heinz, Yum Brands, and Norwegian Cruise Line will report earnings before the bell....
...Beauty, Coty and Estée Lauder were lower by 9.7 per cent, 5.1 per cent, and 4 per cent, respectively....
...Companies that trumpeted confidence in a quick rebound in one of the world’s largest consumer market have left investors disappointed. Estée Lauder is a case in point....
...Estée Lauder, which gets 28 per cent of its sales from China, has seen its forward earnings multiple climb to a punchy 44 times over the past five years....
...The Zegna group in 2022 agreed to take over Tom Ford’s fashion arm from US-based Estée Lauder, which the chief executive said had “enriched [the group’s] proposition in luxury glamour”....
...Puig is small compared with sector-leading peers L’Oréal and Estée Lauder, but has grown rapidly through acquisitions in the past decade, striking 11 deals in the past 12 years....
...Estée Lauder and L’Oréal did not respond to a request for comment....
...Leonard Lauder, the billionaire heir to the Estée Lauder cosmetics empire, coined the so-called lipstick index, whereby sales of affordable luxuries rise in economic downturns....
...Bobbi Brown sold her eponymous cosmetics brand to Estée Lauder in 1995 but left in 2016 after a couple of sour years, saying later that “the fun things go away” when you are part of a billion-dollar brand...
...Estée Lauder expects consumer traffic in Asia to improve and expects organic net sales to return to growth in the fourth quarter....
...Cosmetics group Estée Lauder has slashed its sales outlook for the third straight quarter because of a slower than expected recovery in Asia, sending shares in the company down by a fifth....
...Elsewhere, Estée Lauder (for which I consult) and the Stanford Center on Longevity have been investigating the role and importance of sirtuins in the skin; findings showed they are vital for DNA repair,...
...Other companies reporting include CVS Health, KKR, Marriott International, Estée Lauder, Kraft Heinz, Yum Brands, Norwegian Cruise Line, DoorDash, eBay and Etsy....
...Estée Lauder said on Monday that disruption in Israel and other parts of the Middle East accounted for a 1 per cent headwind in its quarterly results....
...The Apfels had private clients, such as Greta Garbo and Estée Lauder, for whom they offered interior design services....
...Lauder or Clarins?...
...Earnings: CVS Health, Estée Lauder, Kraft Heinz and Yum Brands will report their latest quarterly earnings before Wall Street’s opening bell. Airbnb, PayPal and Mondelez report after the market closes....
...Estée Lauder: Estée Lauder is expected to post a quarterly loss of 10 cents per share on revenue of $3.47bn for the quarter ended in June as US consumers pull back on discretionary items like beauty products...
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...UPS, Estée Lauder and Citigroup also announced lay-offs in recent weeks....
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