Estee Lauder news and archive

Estée Lauder posts increase in Q1 net sales and earnings

The Estée Lauder Companies Inc. recorded net sales of 3.52 billion dollars, an 8 percent increase for its first quarter driven by growth in nearly all product categories, geographic regions and channels. Excluding the impact of currency translation and the adoption of the new revenue recognition accounting standard (ASC 606), the company said,...

Fashion

Estée Lauder Sues Deciem, Seeks To Remove Founder After 'erratic' Behaviour

The Estée Lauder Companies Inc. (EL) filed a lawsuit against popular skin-care company Deciem and its founder after he announced in a video on Instagram that he was temporarily shutting down all of its stores because of what he described as "major criminal activity.", according to the reports. Estée Lauder, which owns a minority stake in...

Business

Estée Lauder Guides Q1, FY19

Estée Lauder Cos. Inc. (EL) announced Monday earnings and sales guidance for the first quarter and for the full year 2019. For fiscal 2019, the company expects adjusted earnings in a range of 4.62 to 4.71 US dollars per share, and 9 to 11 percent adjusted earnings growth on a constant currency basis, consistent with the company's long-term...

BusinessFeatured

The Next Wave for Beauty? Cosmetics Companies Dive into Mergers and Acquisitions

Interest for mergers and acquisitions among large beauty companies steadily grew throughout 2017 and is set to continue thriving in 2018. According to beauty M&A advisors, Intrepid Investment Bankers, the M&A market continued its active pace with over 100 transactions in 2016 and 2017. Not only have we seen an increase in the number of beauty...