Estée Lauder has promoted Sara Moss to the newly created role of vice chairman. She will serve as an advisor to executive management, the board of directors and the Lauder family on issues critical to the business.
Estée Lauder Cos Inc raised its annual profit forecast after posting better-than-expected quarterly results on Tuesday, driven by strong growth in China and higher demand for skincare brands such as La Mer.
Estée Lauder dismissed fears of a slowdown in China as its quarterly results beat Wall Street estimates on Wednesday on booming demand for cosmetics and high-end skincare products in the Asian country.
Estée Lauder has named Andrew Ross as executive vice president of strategy and new business development, and Lisa Sequino as senior vice president, global general manager of company subsidiary Becca cosmetics.
Estee Lauder’s stock hit a record high after the cosmetics maker forecast holiday-quarter sales ahead of market expectations Wednesday, banking on demand for its acquired makeup brands that are popular with millennials.
Estée Lauder Cos stock hit a record high after it forecast stronger full-year profit and sales posted higher-than-expected results as the cosmetics maker sold more products from brands such as M.A.C and Tom Ford.
Thia Breen, Group President of North America, will retire from Estée Lauder after 40 years. Chris Good, President of UK and Ireland, will succeed Breen and Philippe Warnery, current GM, Canada, will succeed Good.