Estée – Page 3 – Beautifaire

1 Oct

The most recent executive pay packages at The Estée Lauder Cos., owner of Clinique, MAC Cosmetics, Tom Ford and plenty of more brands, have been revealed. First up, president and chief executive officer Fabrizio Freda’s total pay package for the fiscal 12 months 2023 is $21.8 million, compared with $25.48 million in 2022 and $65.9 million in 2021, in keeping with filings with the Securities and Exchange Commission. A few of this can be made up of stock options, the total value of which could never be realized resulting from fluctuations in stock prices and vesting schedules. The decrease in the overall package was mainly resulting from 50,429,620 stock awards he received in 2021. His base salary remained at $2.1 million for the...

0 Comments

27 Sep

The Estée Lauder Cos. Is to Open a Fragrance

by Beautifaire101

Beauty, Featured

PARIS — To speed up its burgeoning luxury and prestige perfume business, the Estée Lauder Cos. Inc. plans to open a fragrance atelier in Paris next yr. “Fragrance has been a winning category for the corporate — for the reason that early days, after we established fragrance with the Estée Lauder brand [in 1953],” Stéphane de la Faverie, executive group president at Lauder, told WWD, adding that over the past few years the category has been increasingly successful for the group. Reported net sales of the corporate’s perfume business, which incorporates the brands Tom Ford, Estée Lauder, Éditions de Parfums Frédéric Malle, Le Labo, Kilian Paris, Clinique, Jo Malone London, Aerin Beauty and Aramis, have grown almost 40 percent since fiscal yr...

0 Comments

20 Aug

The Estée Lauder Cos. Releases Weaker Than Expected Guidance

by Beautifaire101

Beauty, Featured

Updated Aug. 18 at 1:37 p.m. The Estée Lauder Cos.’ full-year forecasts fell in need of Wall Street estimates as the corporate’s struggles to regain footing within the Asia travel market proceed, despite a greater than expected set of fourth-quarter results. Lauder, which has a much greater travel retail business than a few of its competitors, has seen Asia travel retail pressured by the slower-than-anticipated recovery from the COVID-19 pandemic, especially in the favored vacation resort area Hainan. This in turn led its overall global travel business’ organic sales to slip 34 percent in its 2023 fiscal yr. At the identical time, U.S. sales have yet to climb back to pre-pandemic levels, while its California brands — Smashbox, Too Faced and Glamglow —...

0 Comments

19 Aug

The Estée Lauder Cos. Addresses Cybersecurity Attack – WWD

by Beautifaire101

Beauty, Featured

The Estée Lauder Cos. has given an update on the cybersecurity attack. Last month, it said it had identified a cybersecurity incident that involved an unauthorized third party getting access to a few of its systems. While it has not been confirmed, the ALPHV/BlackCat and Clop groups claimed credit for the cyber attack, listing Estée Lauder on their sites at nighttime web alongside an airline, comms regulator, harddisk storage provider and others. Because of this of the breach, Lauder proactively took down a few of its systems and commenced an investigation with a third-party cybersecurity expert. The corporate said it was also coordinating with law enforcement. In a call Friday with analysts to debate its fourth-quarter earnings, chief financial officer Tracey T. Travis...

0 Comments