A tight labour market, the pandemic and renewed emphasis on racial equity and climate change have recast the industry’s desirable jobs and companies.
The conglomerate’s minority investment in UK-based beauty brand Haeckels speaks to a beauty acquisition space that prioritises earlier-stage companies and greater autonomy for brands.
Strong online sales, increased demand in China, and investments in its skin care products helped bolster the company’s second quarter earnings.
Webster will join the conglomerate effective May 17, Estée Lauder Companies confirmed on Tuesday. She will report to William P. Lauder, executive
A successor for Trower, who leaves Estée Lauder after 13 years, has yet to be announced.
Just six weeks after Estée Lauder announced it would shutter makeup line Becca, the beauty giant said it would also close Rodin Olio Lusso. Shiseido and LVMH’s Kendo are rethinking their portfolios, too.
The cosmetics giant is responding to employee criticism of its approach to race relations.
The 2016 acquisition was already challenged before the pandemic, and the beauty conglomerate is making cuts as it looks ahead at a post-pandemic recovery.
The beauty conglomerate is increasing its stake in The Ordinary’s parent company to 76 percent, with plans to purchase the rest of the company in three years.
There’s no online replacement for walking into a store and smelling a fragrance sample. But brands are finding ways to sidestep this dilemma, sending US fragrance sales soaring after a rocky start to the year.
Pfizer’s announcement that its vaccine could be available sooner than many had anticipated could give troubled makeup brands and beauty retailers a much-needed boost.
The M.A.C brand owner has seen growth in demand for its skincare products, while sales in the Asia-Pacific market increased 9 percent to $1.15 billion.