Estee Lauder Co (EL)

Estée Lauder today announces that actor, writer, model and anti-ageism activist Paulina Porizkova, will return to the brand as its newest Global Brand Ambassador. Porizkova famously served as a spokesmodel for Estée Lauder from 1988 – 1995, appearing in some of the brand’s most celebrated campaigns and solidifying her legacy as a beauty industry icon. The evolution of the partnership between Estée Lauder and Porizkova marks a new kind of collaboration, with a shared mission to redefine standards of beauty. As one of the most powerful and authentic voices leading the conversation around aging, beauty and self-worth, Porizkova will use her highly influential platform to inspire and empower women around the world to see their value and celebrate their beauty at any age.

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.

NEW YORK, Nov. 24, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against The Estée Lauder Companies, Inc. (“Estée Lauder” or the “Company”) (NYSEEL) on behalf of Estée Lauder stockholders. Our investigation concerns whether Estée Lauder has violated the federal securities laws and/or engaged in other unlawful business practices.

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.

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against The Estée Lauder Companies, Inc. (“Estée Lauder” or the “Company”) (NYSEEL) on behalf of Estée Lauder stockholders. Our investigation concerns whether Estée Lauder has violated the federal securities laws and/or engaged in other unlawful business practices.

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.

Estée Lauder, the flagship brand of The Estée Lauder Companies Inc., announces its official launch in the U.S. Amazon Premium Beauty store, bringing its high-performance skincare and makeup and legendary fragrances to Amazon shoppers across the country. Amazon customers can start shopping now at amazon.com/esteelauder. The brand is also debuting a Virtual Foundation Tool, exclusive to Amazon, at amazon.com/findyourdoublewear. This tool allows Amazon customers to compare multiple shades of Estée Lauder foundation virtually, find their shade, and add it right to their Amazon shopping cart. When shopping Estée Lauder in the Amazon Premium Beauty store, Prime members enjoy fast, free shipping on every order.

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 (NYSEEL) (the company) is placing renewed emphasis on women’s health with the launch of its 2024 Breast Cancer Campaign, spotlighting a powerful message: Breast Care is Self-Care. The company aims to inspire and educate women across generations to become advocates for their breast health, reframing self-care to include proactive prevention and early detection measures.

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.

Today, Estée Lauder (NYSEEL) announces the launch of its inaugural Emerging Leaders Beautiful Forces grants, furthering the brand's commitment to women’s leadership. Through a partnership via the Estée Lauder Emerging Leaders Fund (ELELF) and grantee, Vital Voices Global Partnership, the new initiative will deepen the brand’s investment in supporting emerging women leaders globally and helping to advance their influence and impact.

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.

TOM FORD announces the appointment of Haider Ackermann as Creative Director, effective immediately.

Balmain announces today the launch of its first beauty creation, a collection of eight all-gender eaux de parfum, “Les Éternels de Balmain.” This trailblazing fragrance experience was inspired by Pierre Balmain’s Parisian legacy and Olivier Rousteing’s modern influence on fashion, and now beauty.

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.

NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against The Estee Lauder Companies Inc. (NYSEEL) on behalf of long-term stockholders following a class action complaint that was filed against Estee on December 7, 2023 with a Class Period from August 18, 2022 to May 2, 2023. Our investigation concerns whether the board of directors of Estee have breached their fiduciary duties to the company.