Articles from The Estée Lauder Companies Inc.

The Estée Lauder Companies Inc. (NYSEEL) will release its fiscal 2025 second quarter results on February 4, 2025.

The Estée Lauder Companies (NYSEEL) announced today that Ronald S. Lauder will retire from the Company’s Board of Directors (the “Board”) effective immediately. Pursuant to the stockholders’ agreement among Lauder family members and the Company, Mr. Lauder has the right to designate two directors of the Company. His daughter Jane Lauder will continue to serve on the Board in her current position, and he has named his son-in-law Eric Zinterhofer, who is married to his daughter Aerin Lauder, to be his second designee. In connection with Mr. Lauder’s retirement from the Board and his designation of Mr. Zinterhofer as his nominee, the Board has elected Mr. Zinterhofer effective immediately. Mr. Lauder will remain Chairman of Clinique Laboratories, LLC.

The Estée Lauder Companies Inc. (NYSEEL) held its Annual Meeting of Stockholders today. William P. Lauder, Executive Chairman, chaired the meeting.

The Estée Lauder Companies Inc. (NYSEEL) will hold its 2024 Annual Meeting of Stockholders virtually on Friday, November 8, 2024 beginning at 10:00 a.m. (ET). Those wishing to access the webcast can visit www.virtualshareholdermeeting.com/EL2024.

The Estée Lauder Companies’ (NYSEEL)(“ELC”) New Incubation Ventures (“NIV”) and NYKAA are pleased to announce the winners for BEAUTY&YOU India 2024. Created by NIV and launched in partnership with India’s leading beauty and lifestyle retailer NYKAA, BEAUTY&YOU India continues its mission to discover, spotlight, and propel the next generation of India-focused beauty brands. The 2024 program builds on the success of previous years with the theme of Supercharged Futures.

The Estée Lauder Companies Inc. (NYSEEL) declared a quarterly dividend of $.35 per share on its Class A and Class B Common Stock on December 16, 2024 to stockholders of record at the close of business on November 29, 2024, a reduction from its previous quarterly dividend of $.66 per share.

The Estée Lauder Companies Inc. (NYSEEL) today reported net sales of $3.36 billion for its first quarter ended September 30, 2024, a decrease of 4% from $3.52 billion in the prior year. Organic net sales decreased 5% primarily due to worsened consumer sentiment in China that drove further softening in overall prestige beauty in mainland China and low conversion rates in Asia travel retail and Hong Kong SAR. In addition, lower replenishment orders in Asia travel retail, including inventory pressure given the further retail market deceleration, impacted organic net sales. Partially offsetting these declines was growth in several markets, including Japan and the Company’s Priority Emerging Markets2.

The Estée Lauder Companies Inc. (NYSEEL), a global leader in prestige beauty, today announced the Board of Directors’ appointment of Stéphane de La Faverie as its new President and Chief Executive Officer and member of its Board of Directors, effective January 1, 2025. Mr. de La Faverie will succeed Fabrizio Freda, who announced his intention to retire earlier this year after more than sixteen years with the Company. Mr. Freda will support Mr. de La Faverie over the next several months to ensure a seamless transition. As President and CEO, Mr. de La Faverie will report directly to the Company’s Board of Directors. Additionally, William P. Lauder will be stepping down from his current role as Executive Chairman of the Company and will remain Chair of the Board of Directors, following the Company’s upcoming Annual Meeting of Stockholders.

The Estée Lauder Companies Inc. (NYSEEL) will release its fiscal 2025 first quarter results on October 31, 2024.

The Estée Lauder Companies (NYSEEL) (“ELC”) is pleased to announce the winners for The Catalysts program. Created by ELC’s New Incubation Ventures (“NIV”) and launched with support from TikTok, the integrated, global initiative is aimed at spotlighting, uplifting, and empowering emerging storytellers with fresh visions for the beauty industry. The program underscores NIV's dedication to championing trailblazing spirits in beauty, accentuating the influence and impact of the beauty industry and its interconnectedness with wider cultural, social, and artistic landscapes.

The Estée Lauder Companies Inc. (NYSEEL) today announces that after more than 28 years with the Company, Mark Loomis, Group President, North America, will retire at the end of fiscal year 2025. He will be succeeded by Tara Simon, who will assume the role of President, North America, and Amber English, who will assume the role of President, Digital and Online, North America. Ms. Simon and Ms. English will assume their new roles beginning January 1, 2025 to ensure a seamless transition ahead of Mr. Loomis’ retirement. Ms. Simon will report directly to Fabrizio Freda, President and Chief Executive Officer, and Ms. English will jointly report to Fabrizio Freda and Gibu Thomas, Executive Vice President, Online.

The Estée Lauder Companies Inc. (NYSEEL) (the “Company”) today announced that it has received notice that TRC Capital Investment Corporation (“TRC”) commenced an unsolicited “mini-tender” offer to purchase up to 1,500,000 shares of the Company’s Class A common stock, which represents approximately 0.64% of the outstanding Class A common stock, at a price of $83.65 per share in cash.

Tracey T. Travis, Executive Vice President and Chief Financial Officer of The Estée Lauder Companies Inc. (NYSEEL) will speak at the Barclays Annual Global Consumer Staples Conference in Boston on Tuesday, September 3, 2024, at 12:00 p.m. EST.

The Estée Lauder Companies Inc. (NYSEEL) today reported net sales of $15.61 billion for its fiscal year ended June 30, 2024, a decrease of 2% from $15.91 billion in the prior year. Organic net sales decreased 2%, primarily reflecting ongoing softness in overall prestige beauty in mainland China and a decline in Asia travel retail driven by the decrease in the first half of fiscal 2024, reflecting actions taken by the Company and its retailers to reset inventory levels as well as lower conversion. Partially offsetting these declines was growth in Hong Kong SAR, overall in the markets of Europe, the Middle East & Africa (“EMEA”), Japan and Latin America.

The Estée Lauder Companies Inc. (NYSEEL) will pay a quarterly dividend of $.66 per share on the Company’s Class A and Class B Common Stock on September 16, 2024 to stockholders of record at the close of business on August 30, 2024.

The Estée Lauder Companies Inc. (NYSEEL) today announced that Fabrizio Freda has informed the Board of Directors of his intention to retire at the end of fiscal year 2025. The Board is well advanced in its long-established CEO succession planning process whereby the Board has considered many highly qualified internal and external candidates. Until his successor is appointed, Mr. Freda will continue to lead and oversee the Company’s strategic, financial and investment priorities, including the Company’s Profit Recovery and Growth Plan and its efforts to reignite profitability and growth. Once a successor has been named, Mr. Freda will partner with this leader to ensure a smooth transition and will also be available in fiscal year 2026 as an advisor.

Lab Series, a brand based on an advanced expertise in men's skin, announces its debut in the U.S. Amazon Premium Beauty store, providing broader access to its high-performance formulas backed by science. Prime members enjoy fast, free shipping on every order.

The Estée Lauder Companies Inc. (NYSEEL) will release its fiscal 2024 fourth quarter and full year results on August 19, 2024.

Smashbox, the legacy, cruelty free beauty brand renowned for studio-grade, high-performance makeup, and artistry made easy, announces its launch in the U.S. Amazon Premium Beauty store. The dedicated Smashbox storefront extends the accessibility of its cutting-edge cosmetics and The Original Photo Finish Smooth and Blur Primer, the #1 Prestige Vegan and Cruelty-Free Face Primer in the U.S.* to the wide audience of Amazon customers.

The Estée Lauder Companies Inc. (NYSEEL) (“ELC” or “the Company”) announced today that Rashida La Lande has been appointed Executive Vice President and General Counsel, effective August 19, 2024. Ms. La Lande will jointly report to William P. Lauder, Executive Chairman, and Fabrizio Freda, President and Chief Executive Officer. She will join the Company’s Executive Leadership Team.

Dr.Jart+, the Korean skincare brand known for its high-performance derma skincare products that deliver instant results and garner viral social media buzz, announces its debut in the U.S. Amazon Premium Beauty store. Prime members enjoy fast, free shipping on every order.

TOM FORD announced today that Peter Hawkings is stepping down as Creative Director of the brand. Peter Hawkings has been at TOM FORD since its inception and at the helm of creative since April 2023.

The Estée Lauder Companies (NYSEEL) (“ELC”) is pleased to announce the third edition of BEAUTY&YOU India. Created by ELC’s New Incubation Ventures (“NIV”) and launched in partnership with India’s preferred beauty and lifestyle retailer - NYKAA, BEAUTY&YOU India continues its mission to discover, spotlight, and propel the next generation of India-focused beauty brands. The program supports India-focused companies, entrepreneurs, innovators, and creators through a competitive application process that will be open to prospective applicants on July 16, 2024, through August 29, 2024, via www.beautyandyouawards.com. Winners will be announced on November 16, 2024, at a live event in Goa.

The Estée Lauder Companies Inc. (NYSEEL) today announced that Tracey T. Travis, Executive Vice President and Chief Financial Officer, has decided to retire, effective June 30, 2025, after more than twelve years of exemplary leadership and service at the company. A successor for the CFO role has been identified and will be named in the coming weeks. Tracey will work closely with this person to ensure a smooth and successful transition.

The Estée Lauder Companies (NYSEEL) (“ELC”) is pleased to announce the launch of The Catalysts program. Created by ELC’s New Incubation Ventures (“NIV”) and launched with support from TikTok, the integrated, global initiative is aimed at spotlighting, uplifting, and empowering emerging storytellers with fresh visions for the beauty industry. Applicants will have the chance to win up to $250K in financial backing as well as mentorship and project assistance.* A distinguished panel of industry luminaries, creative visionaries, and TikTok creators will select two winners who are reshaping the future of beauty through innovative branding, product development, and storytelling.

The Estée Lauder Companies Inc. (NYSEEL) (“ELC”) announced today that it has completed its acquisition of the Canadian-based, vertically integrated, multi-brand company DECIEM Beauty Group Inc. (“DECIEM”). ELC first invested in DECIEM in 2017, increased its stake to become majority owner in 2021, and recently exercised its option to purchase the remaining interests in DECIEM after a three-year period. ELC closed on the purchase of the remaining interests on May 31, 2024 using cash on hand for an estimated $860 million. The total investment, net of cash, approximated $1.7 billion over the three tranches. These amounts are subject to post-closing adjustments in accordance with the agreement.

Tracey T. Travis, Executive Vice President and Chief Financial Officer, of The Estée Lauder Companies Inc. (NYSEEL) will participate in the dbAccess Global Consumer Conference 2024 in Paris Tuesday, June 4, 2024, at 10:30 a.m. CEST.

Fabrizio Freda, President and Chief Executive Officer and Guillaume Jesel, President and CEO, TOM FORD and Luxury Business Development, of The Estée Lauder Companies Inc. (NYSEEL) will participate in the Bernstein Annual Strategic Decisions Conference in New York on Wednesday, May 29, 2024, at 9:00 a.m. EDT.

The Estée Lauder Companies Inc. (NYSEEL) today reported net sales of $3.94 billion for its third quarter ended March 31, 2024, an increase of 5% from $3.75 billion in the prior-year period. Organic net sales increased 6% primarily due to double-digit growth in Europe, the Middle East & Africa (“EMEA”), driven by stronger sales in Asia travel retail. The growth in Asia travel retail was driven by higher shipments reflecting significant sequential improvement in retail sales trends and continued progress in achieving targeted retailer inventory levels as well as lower shipments in the prior-year period due, in part, to transitory headwinds. The growth in organic net sales also reflected increases in several developed and emerging markets in Asia/Pacific, The Americas and EMEA, including strong double-digit growth in the Company’s Priority Emerging Markets2. Net sales increased in nearly all product categories, led by the return to high-single-digit growth in Skin Care.

The Estée Lauder Companies Inc. (NYSEEL) will pay a quarterly dividend of $.66 per share on the Company’s Class A and Class B Common Stock on June 17, 2024 to stockholders of record at the close of business on May 31, 2024.

The Estée Lauder Companies Inc. (NYSEEL) will release its fiscal 2024 third quarter results on May 1, 2024.

Estée Lauder today announced that it has signed acclaimed Korean singer, songwriter and actress, IU, as its newest Global Brand Ambassador. IU will be Estée Lauder’s first Korean Global Brand Ambassador and will be featured in campaigns for the brand’s hero franchises, Advanced Night Repair and Double Wear. IU’s first campaign will debut in April 2024. IU joins the current roster of Estée Lauder Global Ambassadors, including Ana de Armas, Amanda Gorman, Bianca Brandolini D’Adda, Carolyn Murphy, Grace Elizabeth, Imaan Hammam, Karlie Kloss, Manushi Chhillar and Yang Mi.

TOM FORD announced today that Dexter King has been appointed Senior Vice President, Global General Manager, TOM FORD BEAUTY. King will step into this role effective April 1, 2024 and continue reporting to Guillaume Jesel, President and CEO, TOM FORD and Luxury Business Development, The Estée Lauder Companies. King will also join The Estée Lauder Companies (NYSEEL) Extended Executive Leadership Team.

Fabrizio Freda, President and Chief Executive Officer, and Jane Hertzmark Hudis, Executive Group President, of The Estée Lauder Companies Inc. (NYSEEL) will participate in the UBS Global Consumer and Retail Conference in New York on Thursday, March 14, 2024, at 9:00 a.m. ET.

The Estée Lauder Companies Inc. (NYSEEL) today announced the offering and pricing of $650.0 million aggregate principal amount of its 5.000% Senior Notes due 2034.

The Estée Lauder Companies Inc. (NYSEEL) today reported net sales of $4.28 billion for its second quarter ended December 31, 2023, a decline of 7% from $4.62 billion in the prior-year period. Organic net sales fell 8%, reflecting the expected challenges in Asia travel retail as well as ongoing softness in overall prestige beauty in mainland China. The decrease also reflects a 1% headwind due to business disruptions in Israel and other parts of the Middle East. Partially offsetting these pressures, organic net sales grew in several markets in Asia/Pacific and Europe, the Middle East & Africa, as well as in nearly every market in Latin America.

The Estée Lauder Companies Inc. (NYSEEL) will pay a quarterly dividend of $.66 per share on the Company’s Class A and Class B Common Stock on March 15, 2024 to stockholders of record at the close of business on February 29, 2024.

The Estée Lauder Companies Inc. (NYSEEL) will release its fiscal 2024 second quarter results on February 5, 2024.

The Estée Lauder Companies Inc. (NYSEEL) held its Annual Meeting of Stockholders today. William P. Lauder, Executive Chairman, chaired the meeting. Fabrizio Freda, President and Chief Executive Officer, reviewed recent financial results and the Company’s long-term strategy.

The Estée Lauder Companies Inc. (NYSEEL) will hold its 2023 Annual Meeting of Stockholders virtually on Friday, November 17, 2023 beginning at 10:00 a.m. (ET). Those wishing to access the webcast can visit www.virtualshareholdermeeting.com/EL2023.

The Estée Lauder Companies (ELC) and NYKAA, one of India’s leading omnichannel beauty and lifestyle retailers, announce the winners of the 2023 BEAUTY&YOU Awards in India. Created by ELC’s New Incubation Ventures (NIV) and launched in partnership with NYKAA, BEAUTY&YOU India is an awards program launched in July 2022, with an aim to discover, spotlight, and propel the next generation of Indian-focused beauty founders, innovators, and creatives.

The Estée Lauder Companies Inc. (NYSEEL) today reported net sales of $3.52 billion for its first quarter ended September 30, 2023, a decline of 10% from $3.93 billion in the prior year. Organic net sales declined 11%, primarily driven by expected pressures in the Company’s Asia travel retail business, as well as incremental headwinds from a slower-than-expected recovery of overall prestige beauty in mainland China. These challenges were partially offset by organic net sales growth in the United States, many markets in Asia/Pacific, led by Hong Kong SAR and Japan, as well as in nearly all markets in Europe, the Middle East & Africa (“EMEA”), led by the United Kingdom and Germany. Organic net sales in Fragrance and Makeup grew, partially offsetting the decline in Skin Care.

The Estée Lauder Companies Inc. (NYSEEL) will pay a quarterly dividend of $.66 per share on the Company’s Class A and Class B Common Stock on December 15, 2023 to stockholders of record at the close of business on November 30, 2023.

The Estée Lauder Companies Inc. (NYSEEL) will release its fiscal 2024 first quarter results on November 1, 2023.

For more than 30 years, The Estée Lauder Companies’ Breast Cancer Campaign (The Campaign) has been dedicated to advancing the possibility of a breast cancer-free world for all. This October, The Estée Lauder Companies (ELC) honors Breast Cancer Awareness Month by launching The Campaign in support of the global breast cancer community.

Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder Companies Inc. (NYSEEL) will speak at the Barclays Annual Global Consumer Staples Conference in Boston on Wednesday, September 6, 2023, at 9:00 a.m. EDT.

The Estée Lauder Companies announced today that Chairman Emeritus Leonard A. Lauder has informed the Company of his decision not to stand for re-election to the Company’s Board of Directors (the “Board”) at the annual meeting in November. Leonard Lauder remains Chairman Emeritus of the Company. Pursuant to the stockholders’ agreement among Lauder family members and the Company, Leonard Lauder has the right to designate two directors of the Company. In addition to his son William P. Lauder, who serves as Executive Chairman, Leonard Lauder has designated his son Gary M. Lauder to serve on the Board. The Board has nominated Gary Lauder and will include his name among the nominees for election at the Company’s annual meeting in November. Gary Lauder is the Managing Director of Lauder Partners LLC, a Silicon Valley-based venture capital firm. He has been a venture capitalist since 1985, investing in over 150 private companies. Gary serves on the Board of Governors of Alzheimer’s Drug Discovery Foundation and holds a BA in International Relations from the University of Pennsylvania; a BS in Economics from the Wharton School; and an MBA from the Stanford Graduate School of Business. Gary has periodically attended the Company’s Board meetings over the years as an invited observer, which has provided him with a long-term view of the Company.

The Estée Lauder Companies Inc. (NYSEEL) today reported net sales of $15.91 billion for its fiscal year ended June 30, 2023, a decrease of 10% from $17.74 billion in the prior year. Organic net sales fell 6%, primarily driven by Asia travel retail in Hainan and Korea, partially offset by growth in nearly every market in both Asia/Pacific and Europe, the Middle East & Africa (“EMEA”). Total organic net sales in the Company’s emerging markets2 and in Fragrance each rose double digits.

The Estée Lauder Companies Inc. (NYSEEL) will pay a quarterly dividend of $.66 per share on the Company’s Class A and Class B Common Stock on September 15, 2023 to stockholders of record at the close of business on August 31, 2023.

The Estée Lauder Companies Inc. (NYSEEL) will release its fiscal 2023 fourth quarter and full year results on August 18, 2023.

The Estée Lauder Companies Inc. (NYSEEL) has identified a cybersecurity incident, which involves an unauthorized third party that has gained access to some of the Company’s systems. After becoming aware of the incident, the Company proactively took down some of its systems and promptly began an investigation with the assistance of leading third-party cybersecurity experts. The Company is also coordinating with law enforcement. Based on the current status of the investigation, the Company believes the unauthorized party obtained some data from its systems, and the Company is working to understand the nature and scope of that data.

Fabrizio Freda, President and Chief Executive Officer and Stéphane de La Faverie, Executive Group President, of The Estée Lauder Companies Inc. (NYSEEL) will participate in the Bernstein Annual Strategic Decisions Conference in New York on Thursday, June 1, 2023, at 9:00 a.m. EST.

The Estée Lauder Companies Inc. (NYSEEL) today announced the offering and pricing of $700 million aggregate principal amount of its 4.375% Senior Notes due 2028, $700 million aggregate principal amount of its 4.650% Senior Notes due 2033 and $600 million aggregate principal amount of its 5.150% Senior Notes due 2053.

The Estée Lauder Companies Inc. (NYSEEL) today reported net sales of $3.75 billion for its third quarter ended March 31, 2023, a decline of 12% from $4.25 billion in the prior-year period, including the negative impact from foreign currency. Organic net sales fell 8%, primarily driven by Asia travel retail in Hainan and Korea. Partially offsetting the pressures affecting the Company’s Asia travel retail business, organic net sales grew in nearly every market, including the developed markets of the United States, the United Kingdom and Hong Kong, and in emerging markets globally. The Fragrance category grew double digits.

The Estée Lauder Companies Inc. (NYSEEL) will pay a quarterly dividend of $.66 per share on the Company’s Class A and Class B Common Stock on June 15, 2023 to stockholders of record at the close of business on May 31, 2023.

Estée Lauder announces one of fashion’s biggest stars, Dutch supermodel Imaan Hammam, as its newest Global Brand Ambassador. Imaan joins the current roster of Estée Lauder global talent including Adut Akech, Ana de Armas, Amanda Gorman, Bianca Brandolini D’Adda, Carolyn Murphy, Grace Elizabeth, Karlie Kloss, Kōki, and Yang Mi. Imaan’s first campaign debuts in July 2023.

The TOM FORD brand, now owned by The Estée Lauder Companies Inc. (NYSEEL), announced the appointments of Guillaume Jesel to President and CEO, TOM FORD, and Peter Hawkings to Creative Director, TOM FORD, effective at the closing of the acquisition. Ermenegildo Zegna N.V. NYSE: ZGNNYSEZGN)

The Estée Lauder Companies Inc. (NYSEEL) (“ELC”) announced today that it has completed its acquisition of the TOM FORD brand and is now the sole owner of the TOM FORD brand and all its intellectual property.

The Estée Lauder Companies Inc. (NYSEEL) will release its fiscal 2023 third quarter results on May 3, 2023.

Today, The Estée Lauder Companies Inc. (NYSEEL)("ELC") announced that Sara Moss, Vice Chairman, The Estee Lauder Companies, has made the decision to retire, effective July 1, 2023.

Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder Companies Inc. (NYSEEL) will participate in the UBS Global Consumer and Retail Conference in New York on Thursday, March 16, 2023, at 9:00 a.m. EST.

The Estée Lauder Companies Inc. (NYSEEL) today reported net sales of $4.62 billion for its second quarter ended December 31, 2022, a decline of 17% from $5.54 billion in the prior-year period, including negative impacts from foreign currency. Organic net sales fell 11%. In the fiscal 2023 second quarter, the evolution of the COVID-19 environment, including restrictions in mainland China and the rising number of COVID cases (collectively “COVID-related impacts”), led to stronger headwinds as the quarter progressed. As a result, tourism and product shipments to Hainan remained largely curtailed and traffic in brick-and-mortar in the rest of China was limited. These challenges were partially offset by broad-based strong organic net sales growth across developed and emerging markets globally. Organic net sales benefited from continued double-digit growth in Fragrance as well as strong holiday offerings and performance during the 11.11 Global Shopping Festival.

The Estée Lauder Companies Inc. (NYSEEL) will pay a quarterly dividend of $.66 per share on the Company’s Class A and Class B Common Stock on March 15, 2023 to stockholders of record at the close of business on February 28, 2023.

The Estée Lauder Companies Inc. (NYSEEL) will release its fiscal 2023 second quarter results on February 2, 2023.

Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder Companies Inc. (NYSEEL) will participate in a fireside chat at Morgan Stanley’s Global Consumer & Retail Conference in New York on Wednesday, December 7, 2022, at 9:30 a.m. EST.

The Estée Lauder Companies Inc. (NYSEEL) held its Annual Meeting of Stockholders today. William P. Lauder, Executive Chairman, chaired the meeting. Fabrizio Freda, President and Chief Executive Officer, reviewed recent financial results and the Company’s long-term strategy.

The Estée Lauder Companies Inc. (NYSEEL) announced today that it has signed an agreement to acquire the TOM FORD brand, a global leader in luxury. The transformational deal will establish its longstanding partner, The Estée Lauder Companies (“ELC”), as the sole owner of the TOM FORD brand and all its intellectual property.

The Estée Lauder Companies Inc. (NYSEEL) will hold its 2022 Annual Meeting of Stockholders virtually on Friday, November 18, 2022 beginning at 10:00 a.m. (ET). Those wishing to access the webcast can visit www.virtualshareholdermeeting.com/EL2022.

The Estée Lauder Companies Inc. (NYSEEL) today reported net sales of $3.93 billion for its first quarter ended September 30, 2022, a decline of 11% from $4.39 billion in the prior-year period, including negative impacts from foreign currency. Organic net sales fell 5%, in line with the Company’s expectations, despite pressures which intensified as the quarter progressed. COVID-19 restrictions in China presented a greater challenge than expected. Tourism to Hainan was largely curtailed, which led to strict inventory management by certain retailers in travel retail, and traffic in brick-and-mortar in the rest of China was limited. These greater pressures were offset by several markets in Asia/Pacific, as well as many emerging and developed markets in the west, which delivered strong organic net sales growth. Organic net sales in both fragrance and hair care grew double digits.

The Estée Lauder Companies Inc. (NYSEEL) announced today a 10% increase in the quarterly dividend on the Company’s Class A and Class B Common Stock to $.66 per share, up from the previous quarterly rate of $.60 per share. The dividend will be payable on December 15, 2022 to stockholders of record at the close of business on November 30, 2022.

The Estée Lauder Companies Inc. (NYSEEL) will release its fiscal 2023 first quarter results on November 2, 2022.

In the 30 years since Evelyn H. Lauder launched The Estée Lauder Companies’ Breast Cancer Campaign (The Campaign) and co-created the Pink Ribbon in 1992, The Campaign’s mission to help create a breast cancer-free world for all has remained steadfast. The Estée Lauder Companies (ELC) has a long-standing commitment to helping women and girls achieve their highest potential. As ELC’s largest corporate social impact program, The Campaign is a cornerstone of ELC’s social investments in women’s advancement and health, uniting people everywhere to positively impact the global breast cancer community. As breast cancer is the most commonly diagnosed cancer in the world,1 ELC's continued commitment to improving the lives of all those touched by the disease remains unwavering.

Today, The Estée Lauder Companies (NYSEEL) (“ELC”) announced that Guillaume Jesel has been promoted to President, Global Brands, TOM FORD BEAUTY, BALMAIN BEAUTY and Luxury Business Development, effective immediately. Guillaume will report to Jane Hertzmark Hudis, Executive Group President and also to Tracey T. Travis, Executive Vice President and Chief Financial Officer in her role of overseeing the company’s mergers and acquisitions strategy, for Guillaume’s Luxury Business Development responsibilities.

The Estée Lauder Companies Inc. (NYSEEL) (“ELC”) and BALMAIN have entered into a license agreement to collaboratively develop, produce, and distribute an innovative line of beauty products that will speak to luxury consumers around the world: BALMAIN BEAUTY. The collaboration is expected to launch in fall 2024, with the goal to transform the luxury and couture beauty world through exceptional design, singular craftsmanship, and an unyielding commitment to innovation.

Today, Executive Chairman William P. Lauder and President and Chief Executive Officer Fabrizio Freda of The Estée Lauder Companies Inc. (NYSEEL) (“ELC”) announced an organizational evolution across its brand portfolio to strategically position the company for long-term, sustainable growth in a fast-paced evolving global landscape.