Hints and tips:
...Estée Lauder has not been alone on that front, with cosmetics peer L’Oréal feeling the effects in its latest quarter of a muted recovery in China and a fall in travel retail in Asia....
...paulsmith.com Gucci raffia GG Marmont shoulder bag, £1,760, matchesfashion.com Guess Originals viscose-mix GO SOPHIA jumper, £30, overkillshop.com Aurélie Bidermann gilded oyster turquoise Alicanta ring, €250 L’...
...Rival L’Oréal, the world’s largest beauty company, has predicted a recovery in Chinese demand in the current quarter....
...Though Mr Freda does not say so, Estée Lauder has been playing catch-up to bigger rival L’Oréal, which was quicker to sell online and embrace digital technology, while Estée Lauder kept its focus on department...
...In a letter to employees, Fabrizio Freda, the company’s chief executive, and executive chairman William Lauder noted that there “is no truth to these rumors”....
...“[Estée Lauder’s M&A strategy is] frankly not to buy in general very big brands that need to be turned around but small very successful brands that can be leveraged,” chief executive Fabrizio Freda said...
...“Leonard and Fabrizio [Freda, Lauder’s CEO] came to see me. We had long conversations and it confirmed to me we were on the same wavelength....
...Estée Lauder’s sales have been growing faster than those of the overall cosmetics industry and of rivals such as L’Oréal, Elizabeth Arden and Coty....
...Estée Lauder, which has seen its market capitalisation value grow from $6bn to $20bn in the last four years, is the world’s fourth largest beauty group, after Procter & Gamble, L’Oréal and Unilever....
...Another alumnus, Fabrizio Freda, chief executive of Estée Lauder, is taking business from P&G in cosmetics, and so is L’Oréal....
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