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10 May

Estée Lauder Cos. Backs Group CEO, Leadership Team in

by Beautifaire101
Beauty, Featured
Estée Lauder Cos. Backs Group CEO, Leadership Team in
NEW YORK — The Estée Lauder Cos. board of directors and Lauder family has strongly backed group president and chief executive officer Fabrizio Freda and the corporate’s leadership team in an internal memo sent to employees Tuesday, which was obtained by WWD. In a move to quell any concern produced by a recent report that the Estée Lauder Cos. could soon face pressure from a billionaire activist investor, William Lauder, the Estée Lauder Cos. executive chairman, wrote the memo on behalf of the board and his family. As previously reported, on Sunday The Recent York Post published an article saying that Nelson Peltz is considering making Lauder his next activist play after the Walt Disney Co., including potentially pushing a sale of...
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3 May

The Estée Lauder Cos. Shares Tumble on Downgraded Outlook

by Beautifaire101
Beauty, Featured
Estée Lauder Cos. Backs Group CEO, Leadership Team in
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

The Estée Lauder Cos. Lowers Full Yr Forecast –

by Beautifaire101
Beauty, Featured
Estée Lauder Cos. Backs Group CEO, Leadership Team in
The Estée Lauder Cos. has once more lowered its outlook as a result of a slower than expected recovery in Asia. Net sales for the complete yr are forecast to diminish between 10 percent and 12 percent, in comparison with the prior yr. It previously forecast a 5 percent to 7 percent drop. Adjusted diluted earnings per common share are expected to fall between 50 percent and 51 percent, compared with the previous forecast for a 27 percent to 29 percent decline. “Because the shape of recovery from the pandemic for Asia travel retail comes into higher focus, it's proving to be each much more volatile than we expected and more gradual relative to what we experienced in other regions. We're, due...
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31 Jan

Reece Yeboah Talks Cos, an Auction of Rare Hermès

by Beautifaire101
Beauty, Featured
Reece Yeboah Talks Cos, an Auction of Rare Hermès
YEBOAH’S COS: When Reece Yeboah was young he traveled from his home in London to Accra and back again a couple of years later. The journey was the making of him as a person, and as a designer. His debut collaboration with Cos is about to hit shop floors this week and he’s called it “Metamorphosis” after his coming-of-age experiences in Ghana. In an interview, the designer said that when he was 11, his mother handed him a one-way ticket to Accra to “straighten me out” because he was messing around and underperforming at college. She saved for months to buy the ticket, he said, and was convinced that life in Africa with clan would help him grow up. She was...
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