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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...
...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....
...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....
...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....
...Beauty, Coty and Estée Lauder were lower by 9.7 per cent, 5.1 per cent, and 4 per cent, respectively....
...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....
...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....
...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....
...Estée Lauder expects consumer traffic in Asia to improve and expects organic net sales to return to growth in the fourth quarter....
...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 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....
...One month after describing First Republic as a “very good bank”, FTAV’s favourite stockpicker Jim Cramer turned his attention to luxury goods, tipping Estée Lauder, like LVMH and Hermès, to benefit from...
...Lauder or Clarins?...
...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...
...UPS, Estée Lauder and Citigroup also announced lay-offs in recent weeks....
...The five biggest detractors were Estée Lauder, McCormick, Diageo, Mettler-Toledo and Brown Forman....
...Results: Caterpillar, Estée Lauder, McDonald’s and Tyson Foods report earnings....
...Estée Lauder also licensed the eyewear business to another Italian company, Marcolin....
...“Clients don’t go to Sephora to buy [established brands like] Estée Lauder or Lancôme. They go to discover new brands,” he said....
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