Leonard A. Lauder Honored With Retail Excellence Award –

20 Oct

A who’s who of luminaries from the retail, fashion and finance sectors turned out on Monday night to honor Leonard A. Lauder with the Retail Excellence Award cohosted by the Baker Retailing Center on the University of Pennsylvania’s Wharton School of Business and the Retail Leaders Circle. Lauder, who announced earlier this 12 months he’ll step down from the board of directors of the Estée Lauder Cos. when his current term expires in November, was feted by designer Tory Burch, Neiman Marcus CEO Geoffroy van Raemdonck, Saks CEO Marc Metrick and Lauder’s son, William P. Lauder and niece Jane Lauder, amongst many others, with introductory honors handled by Pfizer’s chief corporate affairs officer Sally Susman and MidOcean Partners chairman Matt Rubel. Sally...

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1 Oct

Estée Lauder Reveals 2023 Executive Pay – WWD

by Beautifaire101

Beauty, Featured

Estée Lauder Reveals 2023 Executive Pay – WWD

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...

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27 Sep

The Estée Lauder Cos. Is to Open a Fragrance

by Beautifaire101

Beauty, Featured

The Estée Lauder Cos. Is to Open a Fragrance

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...

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27 Sep

Leonard Lauder to Receive Retail Excellence Award – WWD

by Beautifaire101

Beauty, Featured

Leonard Lauder to Receive Retail Excellence Award – WWD

Leonard A. Lauder, chairman emeritus of The Estée Lauder Firms, will receive the “Retail Excellence Award” for his outstanding contributions to the retail and wonder sectors, along together with his philanthropic endeavors in academia, medicine and art. The award is being given by the Jay H. Baker Retailing Center on the Wharton School of the University of Pennsylvania and the Retail Leaders Circle. Lauder will receive the award at an Oct. 16 dinner in his honor to be held on the Rainbow Room in Latest York City. “Leonard Lauder’s remarkable influence and achievements within the industry are matched only by his generosity as a philanthropist,” Thomas S. Robertson, Joshua J. Harris professor and professor of promoting on the Wharton School, said in...

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