Estee Lauder has unveiled significant executive and organizational changes for the second phase of its company restructuring plan, 18 months after the first measures were announced.
Estee Lauder has announced the resignation of group president
Philip Shearer who currently holds responsibility for some of the
company's most prestigious brands including Clinique and Aveda.
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.
Estee Lauder Companies has sold the stila color cosmetics brand to
Stila Corp, an affiliate of Florida-based equity firm Sun Capital
Partners, in a move that aims to concentrate on the more profitable
brands in its portfolio.
Estee Lauder, currently struggling to regain its footing in the
face of stiff competition, has been given a boost by the financial
world following its inclusion in Standard & Poor's 500 Index.
The Estee Lauder Companies is tackling the world's largest emerging
consumer market head-on with the opening of a new research center
in Shanghai, China, this week.
Hyaluronic acid has made the jump into the global cosmetics market
with the launch of the Estee Lauder's Perfectionist skin care
range. With the ingredient already proving a hit in the US market
for cosmetic, nutritional and...
US cosmetics giant Estee Lauder has signed a licensing agreement
with Missoni, the Milan-based fashion house in a deal that aims to
create and market fragrances and related products through its
Aramis and Designer Fragrances division,...
Grandson of company founder William Lauder, who assumes the role of
chief executive officer at Estee Lauder from tomorrow, is believed
to be the driving force behind the company's move into mid-range
mass market brands.
Anti-ageing, cellulite and skin whitening are the words on
everyone's lips this year at InCosmetics 2004 in Italy. As Estee
Lauder reports double digit sales for its third quarter, the
company's R&D vice president Dr...