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May 2023

3 May

The Estée Lauder Cos. Shares Tumble on Downgraded Outlook

by Beautifaire101
Beauty, Featured
The Estée Lauder Cos. Shares Tumble on Downgraded Outlook
Greater than three years after the worldwide COVID-19 pandemic began, the Estée Lauder Cos. continues to be reeling from its impact. The wonder giant and latest owner of Tom Ford has once more slashed its full-year forecasts for each the highest and bottom lines attributable to a slower-than-expected recovery in travel retail in Asia, its executive team revealed Wednesday, causing the corporate’s share price to tumble around 18 percent to $202.70. The lowered forecast comes despite an easing in lockdowns in mainland China, with sales within the region returning to growth within the third quarter. Lauder’s overall net sales for the total yr are actually forecast to diminish between 10 percent and 12 percent, greater than the previously expected 5 percent to 7...
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3 May

Edward O’Sullivan, Celebrity Stylist, Dies at 52

by Beauty Tips
Fashion, Featured
Edward O’Sullivan, Celebrity Stylist, Dies at 52
Edward O’Sullivan, a highly respected stylist who worked with quite a few Hollywood celebrities and had deep fashion relationships, died April 27. He was 52. The precise reason for death hasn’t been determined, but in line with a Latest York Police Department spokesperson, the police responded to a 911 call at 9:59 p.m. on April 27 concerning an unconscious person within the vicinity of Hudson Street and Leroy Street in Manhattan. “Upon arrival, officers observed a male unconscious and injuries indicative of a fall from an elevated position. There are not any arrests and the investigation stays ongoing,” the spokesperson said. O’Sullivan, who hailed from Castleisland in County Kerry, Ireland, moved to Latest York City within the early ’90s to...
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