Estee Lauder news and archive

ELC veteran Leonard Lauder to step down from board

Chairman emeritus Leonard Lauder has announced that he won’t stand for re-election to the board of directors of Estée Lauder Companies (ELC) at the firm’s upcoming annual meeting. The move will end the executive’s long reign at the top of the beauty giant, which he initially joined in 1958 and served as president of from 1972 to 1995, as well as...

Business

FY sales fall at Estée Lauder, China recovery slower than anticipated

Beauty giant Estée Lauder Companies (ELC) posted a 10 percent drop in net sales for the fiscal year ended June 30, 2023, in light of continued Covid-19 disruption and a slower than anticipated recovery in China. Sales dropped from 17.74 million dollars in the year prior to 15.91 billion dollars, with organic net sales falling 6 percent. ELC said...

Business

Estée Lauder bids on Manchester United to engage Chinese consumers

In what is one of the more unexpected partnerships of this year, beauty giant Estée Lauder has struck up a new deal with Manchester United as it looks to reach the club’s Chinese and Asia Pacific fanbase. Beginning summer 2023, the duo will kick off the partnership with an inaugural campaign featuring player’s from the football club’s first...

Business

Estee Lauder hit by cyber attack

Estee Lauder Companies Inc. (EL) said Tuesday that it has identified a cybersecurity incident, which involves an unauthorized third party that has gained access to some of the Company's systems. The company proactively took down some of its systems and promptly began an investigation with the assistance of leading third-party cybersecurity...

Fashion

Tom Ford charts a new course with Milan show

Tom Ford, the fashion brand acquired by the Estée Lauder Companies last year, is making a significant shift by presenting its highly anticipated spring/summer 2024 women's collection in Milan during Milano Moda Donna. This marks a new chapter for the label, with the debut of their new creative director, Peter Hawkings, who brings extensive...

BusinessFeatured

How beauty retail is leading the way in tech innovation

Virtual try-on – or VTO – refers to the use of augmented reality (AR) to view digitised versions of an object, most often seen in the overlay of an image that aims to give an idea of what something may look like in the ‘real world’. It is this technology that is at the forefront of Perfect Corp’s B2B offering, sitting alongside other artificial...

Retail

Estée Lauder Companies launches programme for responsible store design

Beauty giant Estée Lauder Companies (ELC) has announced the launch of its Responsible Store Design programme, created to integrate sustainability into the group’s retail network. According to ELC, the programme looks to both engage customers into its sustainability journey while also providing a framework for the assessment of new and existing...

People

Tom Ford on life after fashion

Tom Ford, the visionary designer and mastermind that revamped Gucci in the 90s and founded his eponymous label in 2005, has left an indelible mark on the industry. Yet, contrary to the hopes of many in the industry, Ford has firmly declared that his departure from his brand will not be followed by a swift return to the fashion realm. In an...

PeopleFeatured

Tom Ford steps down, Estée Lauder announces new CEO and Creative Director

The Estée Lauder Group has announced new appointments for the Tom Ford brand, following the departure of the founder's last collection. Guillaume Jesel has been named as the brand's President and CEO, while Peter Hawkings will serve as the new Creative Director. “In Peter Hawkings the brand has found the perfect creative director,” Tom Ford said...

Business

Estée Lauder Companies hires first chief sustainability officer

The Estée Lauder Companies (ELC) has announced the appointment of Nancy Mahon to the role of the group’s first chief sustainability officer. Mahon currently serves as ELC’s senior vice president, global corporate citizenship and sustainability, a role she initially stepped into in 2014, during which time she has been credited with extending the...

Fashion

After selling his brand, Tom Ford releases final womenswear collection

Tom Ford has unveiled his final collection for his eponymous label, as he steps down from design duties after selling the business to Estée Lauder last year. The Fall 2023 collection, named Tom Ford Archive, features re-issued versions of his designs from his 2010 womenswear debut up to present day. The collection is accompanied by a campaign...

BusinessFeatured

Estée Lauder vice chairman Sara Moss to retire in July

The Estée Lauder Companies Inc. (ELC) vice chairman Sara Moss has decided to retire, effective July 1, 2023. Moss began her career with the company in 2003 when she joined the organisation as executive vice president and general counsel, a position she served in until 2019 when she was promoted to vice chairman. “Sara is an exceptional legal...