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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....
...In its second quarter, Estee Lauder’s net earnings and net sales were down from a year ago, but both figures topped analysts’ expectations....
...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 is betting that consumers will now buy more beauty products on the Chinese mainland instead of while travelling....
...Estée Lauder still trades at a multiple of 39 times forward earnings, in line with its three-year average. The same goes for Apple, which is trading at 28 times....
...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....
...Estée Lauder expects consumer traffic in Asia to improve and expects organic net sales to return to growth in the fourth quarter....
...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,...
...Estée Lauder and L’Oréal did not respond to a request for comment....
...Late last year, Estée Lauder agreed to buy Tom Ford, the fashion brand, for $2.8bn, including debt....
...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...
...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....
...The Apfels had private clients, such as Greta Garbo and Estée Lauder, for whom they offered interior design services....
...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...
...Lauder or Clarins?...
...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....
...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...
...UPS, Estée Lauder and Citigroup also announced lay-offs in recent weeks....
...Estée Lauder also licensed the eyewear business to another Italian company, Marcolin....
...Results: Caterpillar, Estée Lauder, McDonald’s and Tyson Foods report earnings....
...Financial markets closed UK: Labour Force Survey key indicators Results: Caterpillar Q4, Estée Lauder Q2, Itochu Q3, Kikkoman Q3, Loews Corp Q4, McDonald’s Q4, Mitsubishi UFJ Financial Group Q3, NXP Semiconductors...
...US fashion designer Tom Ford is retiring from the eponymous brand he co-founded following a multibillion-dollar sale to cosmetics group Estée Lauder....
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