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 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...
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.
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'.
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…
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.
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...
Tapping into significant market growth, US cosmetic and fragrance
giant Estee Lauder says it is to establish an affiliate company in
Istanbul, Turkey, with more than 300 employees and talk of further
growth to come.