Prestige beauty player Estée Lauder has revealed the extent of its current challenges after posting fourth-quarter results showing that net sales declined by 10%, sending stock prices to a six-year low.
Aveda believes that the interest in prestige beauty, green chemistry, and vegan products in Vietnam will stand it in good stead in the rapidly emerging South East Asian market.
China’s personalised cosmetics industry has hit a new milestone, with Shanghai leading the way in allowing approved retailers to produce customised products in stores, although challenges in quality and safety management remain to be overcome.
Estée Lauder’s chief has emphasised the importance of travel retail to its global beauty business despite the rebound lag in Asia that has forced it to lower its full-year sales forecast.
Estée Lauder Companies president and CEO Fabrizio Freda has pegged skin care, fragrance, and luxury hair care as key drivers of growth in China as it moves away from last year’s COVID-19 troubles.
Beauty titan Estée Lauder Companies is expecting a slow recovery in China’s crucial travel retail hotspot of Hainan and does not anticipate things to be “fully back to normal” by the next fiscal year, said its CFO.
The Estée Lauder Companies has put in place a six-month plan to recover the market share it has lost in China due to the COVID-19 pandemic disruptions that occurred in the first half of 2022.
The CEO of the Estée Lauder Companies has underlined his strong conviction in China’s beauty market despite a recent dip in performance and fears related to an economic recession.
In our round-up of the top five stories trending on our social channels, we highlight Estée Lauder and L'Oréal's efforts in China, Kao’s brand woes, and more.
Beauty major Estée Lauder Companies says it will be increasing its coverage across all channels in China this year to capitalise on the growth potential of its beauty market.
We round up our most-read stories on the activities of the big-name beauty brands in the region, featuring news updates from Estée Lauder, LG Household & Health Care, Hindustan Unilever and more.
The Estée Lauder Companies recorded organic net sales growth of 10% in Asia Pacific despite the wave of COVID-triggered lockdowns that hit the region, driven by the strong performance of China and South Korea.
Estée Lauder Companies CEO has remarked on the strength of China’s beauty market, and said he was expecting it to grow by double-digits next year on the back of the acceleration of its online business.
An independent report analysing the reputation of 14 of the world’s biggest beauty players around environmental, social and corporate governance (ESG) criteria has ranked Kao, Procter & Gamble Beauty and Estée Lauder leaders.
The Australian bushfire crisis has caused the death of almost 30 people, countless animals and scorched millions of acres of land, In response to the tragedy, food, nutrition and beauty companies in the country, big and small, have been trying to play...
With digital channels offering consumers a fast, reliable and authentic insight into their favourite brands, the prestige beauty manufacturer is maximising its awareness in the Chinese marketplace.
The report highlights the beauty makers’ corporate responsibility goals and initiatives: “We believe that citizenship and sustainability are essential to our success as a business and our responsibilities as a global company.”
It was less than a month ago Cosmetics Design reported that Estée Lauder was acquiring makeup company brand BECCA Cosmetics. That deal is now final, and the company’s prestige market share is all the stronger for it.
This week Estée Lauder announced that it will pay over $1bn for the millennial-facing color cosmetics brand—a deal that will likely be complete by the end of the year.
Long-established Korean beauty brands are having to adapt their approach to court younger consumers, to avoid missing out on the huge growth potential they offer the sector.
After last year's announcement that it will 'embrace South Korea's trends and technology' in order to compete, Estée Lauder has taken a stake in its first Korean brand - 'Have & Be', the owner of 'Dr. Jart+'...
As retail growth slows down in Hong Kong and China, Estée Lauder says it is turning its resources to the digital realm, including the development of omni-channel concepts, retail store expansion and information technology enhancements.
With beauty bloggers having more influence now than ever, Estée Lauder is the latest brand to acknowledge their sway on cosmetics buying behaviours by signing up Korean YouTube star, Irene Kim as its 'international beauty voice'.
Estée Lauder was powering ahead of its competitors with breakneck speed until recently, but an analyst’s note underlines the need to spend more on promotional activities to secure a return to growth.
The Korean Intellectual Property Office (KIPO) has seized more than 100,000 counterfeit products of the well-known face mask brand; ‘Leaders Insolution’ from a Chinese-owned factory, close to the border of North Korea.
The rumour mill is in full swing but it is not too ridiculous to suggest that Estée Lauder could be ripe to join the acquisition trail given its history and the current state of the market. It is not exactly out of character for the big players either…
Cosmetics giant Estée Lauder has reported a sales slowdown in its second quarter in Asia, particularly in China and Hong Kong, along with weakness in Korea.
In a case that is on-going from last year over the alleged sale of fake MAC cosmetics products, Estée Lauder has reportedly refused a settlement offer from Australian retailer Target.
Korea is showing some of the largest growth in color cosmetics and skin care in Asia-Pacific, attracting the attention of many of the big boys; and Estée Lauder has taken note.
e-Commerce has always been a strong channel for cosmetics giant Estée Lauder and the New York-based company sees no reason for this to change in the coming years.
With more than a fifth of total sales generated in Asia-Pacific, it is no wonder Estée Lauder has turned its focus to the region, and according to the make-up maker, skin care holds the key for market growth.
A resurgence in skin care sales and a good performance in the US helped cosmetics giant Estée Lauder post an increase in profit for its third quarter ended March 31, 2012.
Global cosmetics company, Estee Lauder, has announced the promotion of executives Daniel M. Annese and Charisse Ford in an effort to continue building global momentum for the brand.
As the US dollar continues to gain in strength against many international currencies, macroeconomic forces could jeopardise the performance of US-based Estee Lauder.
High-end mass market cosmetics brands such as Olay from P&G and prestige brands such as Estée Lauder are likely to outperform lower-end brands such as Avon in China, according to a new report from Bernstein Research.
The emergence of the ‘conscience-consumer’ in recent years has moved Corporate Social Responsibility (CSR) from the periphery to the centre stage of cosmetics and personal care companies. But do the main brands share a common vision for the future, and...
![Our most-read stories on the top beauty brands. [Estée Lauder]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/brand-innovation/updates-from-etude-estee-lauder-shiseido-and-more-top-beauty-brands/17175761-1-eng-GB/Updates-from-Etude-Estee-Lauder-Shiseido-and-more-top-beauty-brands.jpg)
![Estée Lauder is eyeing opportunities in China’s luxury beauty market. [Estée Lauder]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/estee-lauder-teases-plans-to-capture-luxury-opportunity-in-china/17157452-1-eng-GB/Estee-Lauder-teases-plans-to-capture-luxury-opportunity-in-China.jpg)
![Estée Lauder Companies CEO believes that the fragrance category in Asia-Pacific is poised for extended prosperity. [Jo Malone]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2023/11/14/estee-lauder-bullish-on-apac-fragrance-anticipates-prolonged-long-term-growth-phase/16923588-3-eng-GB/Estee-Lauder-bullish-on-APAC-fragrance-anticipates-prolonged-long-term-growth-phase.jpg)
![Top five stories trending on our socials featuring La Prairie’ daigou woes, Aveda’s Vietnam potential, and more. [La Prairie]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/market-trends/hot-topics-top-five-beauty-stories-trending-on-our-socials/16769711-1-eng-GB/Hot-topics-Top-five-beauty-stories-trending-on-our-socials.jpg)
![Estée Lauder has recorded a growth of 50% in India over the past year thanks to the success of The Ordinary launch. [The Ordinary]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/estee-lauder-sees-india-sales-soar-50-on-the-back-of-the-ordinary/16683713-1-eng-GB/Estee-Lauder-sees-India-sales-soar-50-on-the-back-of-The-Ordinary.jpg)
![Aveda believes that the interest in prestige beauty, green chemistry and vegan products in Vietnam will stand it in good stead in the rapidly emerging South East Asian market. [LUXASIA]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2023/08/29/aveda-anticipates-unlimited-potential-and-growth-in-vietnam/16691750-4-eng-GB/Aveda-anticipates-unlimited-potential-and-growth-in-Vietnam.jpg)
![Estée Lauder’s chief has emphasised the importance of travel retail to its global beauty business. [Estée Lauder]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/estee-lauder-highlights-significance-of-travel-retail-despite-gloomy-results-in-asia/16401056-1-eng-GB/Estee-Lauder-highlights-significance-of-travel-retail-despite-gloomy-results-in-Asia.jpg)
![Estée Lauder CEO says skin care, fragrance, and luxury hair care as key drivers of growth in China. [Estée Lauder]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/estee-lauder-china-skin-fragrance-luxury-hair-categories-set-to-lead-growth-in-reopening/16155770-1-eng-GB/Estee-Lauder-China-Skin-fragrance-luxury-hair-categories-set-to-lead-growth-in-reopening.jpg)
![Estée Lauder is expecting a slow recovery in China’s crucial travel retail hotspot of Hainan. [Estée Lauder]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/estee-lauder-anticipates-hainan-recovery-in-fiscal-2024-cfo/15925370-1-eng-GB/Estee-Lauder-anticipates-Hainan-recovery-in-fiscal-2024-CFO.jpg)
![Estée Lauder aims to recover the market share it has lost in China due to the COVID-19 pandemic disruptions. [Estée Lauder]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/estee-lauder-outlines-six-month-strategy-to-recoup-market-share-loss-in-china/15704091-1-eng-GB/Estee-Lauder-outlines-six-month-strategy-to-recoup-market-share-loss-in-China.jpg)
![Estée Lauder has underlined his strong conviction in China’s beauty market [Estée Lauder]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/estee-lauder-ceo-remains-enthusiastic-about-china-despite-growing-concerns/15424813-1-eng-GB/Estee-Lauder-CEO-remains-enthusiastic-about-China-despite-growing-concerns.jpg)
![The top five stories trending on our social channels. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/market-trends/hot-topics-top-5-beauty-and-cosmetics-stories-trending-on-our-socials-right-now14/13309783-1-eng-GB/Hot-topics-Top-5-beauty-and-cosmetics-stories-trending-on-our-socials-right-now.jpg)
![Estée Lauder Companies says it will be increasing its coverage across all channels in China this year. [Estée Lauder]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/estee-lauder-china-preparing-to-increase-presence-across-all-retail-channels/13235929-1-eng-GB/Estee-Lauder-China-preparing-to-increase-presence-across-all-retail-channels.jpg)
![Most-read stories on the activities of the big-name beauty brands in the region. [HUL / Love Beauty and Planet]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/brand-innovation/estee-lauder-lg-h-h-and-hul-feature-in-our-big-brand-round-up/13040911-1-eng-GB/Estee-Lauder-LG-H-H-and-HUL-feature-in-our-big-brand-round-up.jpg)
![ELC recorded organic net sales growth of 10% in Asia Pacific despite the wave of COVID-triggered lockdowns. [The Estée Lauder Companies]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/estee-lauder-q1-apac-sales-grow-10-despite-impact-of-covid-19-resurgence/12995892-1-eng-GB/Estee-Lauder-Q1-APAC-sales-grow-10-despite-impact-of-COVID-19-resurgence.jpg)
![[ELC]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/china/ceo-2022/12846849-1-eng-GB/CEO-2022.jpg)
![[ELC]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/estee-lauder-ceo-expecting-double-digit-growth-for-china-in-2022/12761007-1-eng-GB/Estee-Lauder-CEO-expecting-double-digit-growth-for-China-in-2022.jpg)
![The three global beauty majors have been identified as having the highest reputation on environment, social and corporate governance (ESG) issues worldwide [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2021/05/28/environmental-social-and-corporate-governance-ranks-beauty-major-reputation-with-kao-p-g-and-estee-lauder-top/12519347-1-eng-GB/Environmental-social-and-corporate-governance-ranks-beauty-major-reputation-with-Kao-P-G-and-Estee-Lauder-top.jpg)
![Amika is targeting localised innovation to drive success in SEA. [Amika]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/headlines/brand-innovation/amika-on-quest-to-address-diverse-hair-needs-in-sea-with-sea-buckthorn-range/17339003-1-eng-GB/Amika-on-quest-to-address-diverse-hair-needs-in-SEA-with-sea-buckthorn-range.jpg)
![Latest developments from the South Korean beauty market. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/article/2024/04/19/korean-wave-able-c-c-kolmar-and-more-in-this-k-beauty-round-up/17357973-1-eng-GB/Korean-wave-Able-C-C-Kolmar-and-more-in-this-K-beauty-round-up.jpg)
![Able C&C has furthered its partnership with Japanese discount chain Daiso with new makeup launch. [A'pieu]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/headlines/brand-innovation/a-pieu-and-daiso-launch-exclusive-2-makeup-line/17339117-1-eng-GB/A-pieu-and-Daiso-launch-exclusive-2-makeup-line.jpg)
![Down Under Enterprises is setting sights on the Asian market as environmental sustainability and traceability become increasingly important. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/headlines/market-trends/down-under-enterprises-shifts-focus-to-china-as-environmental-sustainability-traceability-come-into-the-spotlight/17304932-1-eng-GB/Down-Under-Enterprises-shifts-focus-to-China-as-environmental-sustainability-traceability-come-into-the-spotlight.jpg)
