Welcome to our dedicated page for Estee Lauder Companies news (Ticker: EL), a resource for investors and traders seeking the latest updates and insights on Estee Lauder Companies stock.
Estee Lauder Companies (EL) maintains its leadership in prestige beauty through continuous innovation across skincare, makeup, fragrance categories. This news hub provides investors and industry professionals with essential updates on corporate developments shaping the global cosmetics market.
Access real-time press releases covering earnings disclosures, product launches, sustainability initiatives, and leadership updates. Our curated collection serves as a strategic resource for understanding EL's market positioning and operational priorities.
Key coverage areas: quarterly financial results, brand portfolio expansions, retail partnerships, and R&D breakthroughs. All content undergoes rigorous verification to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined access to EL's official communications. Combine these updates with market analysis tools to track the company's performance in the competitive luxury beauty sector.
The Estée Lauder Companies (EL) launched 'Beauty Reimagined,' a new strategic vision aimed at restoring sustainable sales growth and achieving double-digit operating margins. The company reported Q2 FY2025 results with net sales declining 6% to $4.0 billion and operating margin falling to -14.5% from 13.4% year-over-year.
The company expanded its Profit Recovery and Growth Plan (PRGP), focusing on accelerating consumer coverage, transformative innovation, and increased consumer-facing investments. Key financial metrics include: adjusted operating margin contracted 200 basis points to 11.5%, and adjusted diluted EPS decreased to $0.62.
EL announced a significant restructuring program expecting to yield annual gross benefits of $0.8-1.0 billion, with estimated charges of $1.2-1.6 billion. The plan includes a net reduction of 5,800-7,000 positions. For Q3 FY2025, the company forecasts net sales decline of 10-8% on an organic basis.
The Estée Lauder Companies (NYSE: EL) has appointed Michael Bowes as Executive Vice President, Chief People Officer, effective April 1, 2025. As the company's first Chief People Officer, Bowes will oversee Global Human Resources operations, including talent management, career development, and organizational design.
Bowes joined ELC in 2015 and has led Global Talent Acquisition and Talent Management. His achievements include implementing a new internal talent marketplace, employee listening surveys, and leadership development programs. He has been actively involved in various initiatives including From Every Chair, Leading with High Touch, and the Reverse Mentor program.
Prior to ELC, Bowes served as Managing Director of Executive Search at Karen Harvey Consulting and held senior HR roles at retail organizations including Coach, Nike, Tommy Hilfiger, Cole Haan, and Saks Fifth Avenue. He will succeed Michael O'Hare, who has announced his retirement effective April 1, 2025.
Estée Lauder (EL) has announced the return of Paulina Porizkova as its newest Global Brand Ambassador. Porizkova, who previously served as a spokesmodel from 1988-1995, returns in a new role focused on redefining beauty standards and leading conversations about aging and self-worth.
The partnership represents a strategic shift, with Porizkova endorsing skincare and makeup products aligned with her pro-aging values. Her first campaign will launch in Spring 2025, promoting the Revitalizing Supreme+ franchise across print, digital, and in-store platforms.
This collaboration aims to amplify discussions around aging and beauty, with Porizkova joining Estée Lauder's current roster of global talent including Ana de Armas, Karlie Kloss, and others.
The Estée Lauder Companies (NYSE: EL) has announced it will release its fiscal 2025 second quarter results on February 4, 2025. The company will host a live webcast conference call at 8:30 a.m. (ET), featuring President and CEO Stéphane de La Faverie and EVP and CFO Akhil Shrivastava to discuss results, future prospects, and recent corporate developments.
The company notably mentions that all future calls will start an hour earlier than usual at 8:30 am (ET). Investors can access the webcast through the company's investor relations website, and the call will be archived for later access.
The Estée Lauder Companies (NYSE: EL) announced that Ronald S. Lauder is retiring from the Company's Board of Directors with immediate effect. His son-in-law Eric Zinterhofer has been elected to the Board as his designee, while his daughter Jane Lauder continues to serve in her current Board position. Mr. Lauder will remain Chairman of Clinique Laboratories,
Zinterhofer brings extensive financial and global business experience as a Founding Partner of Searchlight Capital Partners. He currently serves on multiple boards including Care Advantage, Hemisphere, Liberty Latin America, and TelevisaUnivision, and is Chairman of Charter Communications.
Ronald Lauder's tenure with the company spans over 50 years, serving in various capacities and on the Board from 1968 to 1986, 1988 to 2009, and 2016 until his current retirement. The company leadership expressed confidence that Zinterhofer's governance experience and strategic insight will support their plans for long-term growth.
The Estée Lauder Companies (NYSE: EL) conducted its Annual Meeting of Stockholders, where shareholders elected four Class I Directors: Paul J. Fribourg, Jennifer Hyman, Arturo Nuñez, and Barry S. Sternlicht. The meeting, chaired by Executive Chairman William P. Lauder, saw stockholders approve the appointment of PricewaterhouseCoopers LLP as independent auditors, endorse executive compensation through an advisory vote, and approve the Amended and Restated Fiscal 2002 Share Incentive Plan.
The Estée Lauder Companies (NYSE: EL) has announced its 2024 Annual Meeting of Stockholders, scheduled for Friday, November 8, 2024, at 10:00 a.m. (ET). The meeting will be held virtually and can be accessed through www.virtualshareholdermeeting.com/EL2024. A replay of the webcast will be available on the company's investor relations website afterward. The company operates as a leading global manufacturer and marketer of premium beauty products, selling through approximately 150 countries under various luxury brands including Estée Lauder, Clinique, M·A·C, La Mer, and others.
The Estée Lauder Companies' New Incubation Ventures (NIV) and NYKAA have announced the winners of BEAUTY&YOU India 2024, a program aimed at discovering and promoting emerging Indian beauty brands. The program received over 660 applications from more than 50 cities across categories including skin care, makeup, hair care, fragrance, and storytelling. Four winners were selected: SkinInspired (science-backed skincare), Not Just Vanilla (targeted body care solutions), Amright (female hair regrowth), and Journey of Objects (sustainable e-commerce marketplace). The winners were chosen by a panel of fourteen industry leaders during a live pitch session at The Leela Palace in New Delhi.
Amare Global, The Mental Wellness Company, announces significant executive leadership changes, including the return of Richard Higbee as General Manager of the Americas. The company has appointed several key executives: Chris Beck as Chief Information Officer, Felicity Sissener as Chief Marketing Officer, James Watson as General Manager of Asia-Pacific Region, and Jonee Woodard as Chief Operations Officer. Under Owner & Chairman David C. Chung's vision, these appointments aim to strengthen Amare's position in the wellness category through innovative products focusing on the gut-brain axis (GBX) and healthy microbiome support.
Amare Global, The Mental Wellness Company, announces significant executive leadership appointments following its acquisition by David C. Chung and appointment of CEO Asma Ishaq. The company has made strategic appointments across IT, management, marketing, and operations to strengthen its global wellness mission.
Key appointments include Chris Beck as CIO, Richard Higbee as GM of Americas, Felicity Sissener as CMO, James Watson as GM of Asia-Pacific, and Jonee Woodard as COO. The new leadership team will focus on establishing operational excellence, developing clinically studied products targeting the gut-brain axis, and enhancing IT, marketing, and e-commerce capabilities.
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