Latest news with #EstéeLauderCompanies
Yahoo
7 days ago
- Business
- Yahoo
Why Estée Lauder Stock Tipped Higher on Thursday
The cosmetics company is bringing back a seasoned executive. She most recently served as CEO at two peer businesses. 10 stocks we like better than Estée Lauder Companies › A new executive hire at Estée Lauder Companies (NYSE: EL) was the main news item driving the company's stock higher on the penultimate trading day of the week. Thursday saw the storied cosmetics maker's share price rise by over 3%, a figure that was more than high enough to beat the S&P 500 index's 0.3% increase. That morning, Estée Lauder announced that it had hired Lisa Sequino to be the president of its makeup brand cluster. Sequino is quite the experienced cosmetics industry executive, having most recently served as CEO and board member of industry company Supergoop! Prior to that, she served in both capacities for JLo Beauty & Lifestyle companies, the beauty brand founded by actor Jennifer Lopez. The incoming executive will be a familiar figure to some in Estée Lauder's offices. Before her two CEO stints, she was with the company for over nine years, serving in a variety of high-level roles. The most recent of these was senior vice president of North American Brands. Before that stretch, she worked for eight years at consumer goods titan Procter & Gamble as a cosmetics executive. In Estée Lauder's press release touting Sequino's return, Chief Brand Officer Jane Hertzmark Hudis said "Her unique combination of strategic and conceptual thinking, entrepreneurial mindset and operational excellence makes her exceptionally well-suited to fast track our makeup cluster into its next phase of growth." Sequino certainly feels like quite the "get" for Estée Lauder, not least because of her recent experience as the leader of two brands familiar to industry watchers. The company was built on its success with makeup products, and as such they'll be important for its future too. Before you buy stock in Estée Lauder Companies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Estée Lauder Companies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Estée Lauder Stock Tipped Higher on Thursday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Network
29-05-2025
- Business
- Fashion Network
Estée Lauder homes in on makeup segment with new president
The Estée Lauder Companies announced on Thursday the appointment of Lisa Sequino as the new president of its makeup brand cluster, effective June 9. She will report to Jane Hertzmark Hudis, executive vice president, chief brand officer. In her new role, Sequino will be tasked with leading the global direction and growth of the New York-based cosmetic giant's makeup division, overseeing the brand's such as M·A·C, Bobbi Brown, Too Faced, Smashbox and Glamglow. With more than two decades of experience in the beauty industry, Sequino returns to The Estée Lauder Companies from indie beauty brand Supergoop!, where she most recently served as CEO. Before that, she was CEO of JLo Beauty, Jennifer Lopez 's beauty brand. Sequino's previous nine-year tenure at the American beauty giant included senior roles across both global and North America businesses. She served as senior vice president and general manager of Estée Lauder, North America, and later worked as senior vice president, brands, North America, where she oversaw a multi-brand portfolio across skincare, makeup, and fragrance. 'We are thrilled to welcome Lisa as the new leader of our makeup cluster,' said Jane Hertzmark Hudis. 'She is a powerful leader with a strong record of driving brand and business results. Her unique combination of strategic and conceptual thinking, entrepreneurial mindset and operational excellence makes her exceptionally well-suited to fast track our makeup cluster into its next phase of growth. Under Lisa's leadership, we are focused on winning with today's makeup consumer across generations, geographies and channels.' Sequino's appointment comes as Estée Lauder looks to strengthen its makeup category following weaker demand for its products. In its most recent trading update, makeup sales for the three months ending March 31 plunged 9 percent to $1.04 billion. Last month, the company announced the appointment of fashion veteran Nicola Formichetti to the role of creative director of M.A.C Cosmetics, in a bid to inject some star designer power into its makeup brand.
Fashion Network
29-05-2025
- Business
- Fashion Network
Estée Lauder homes in on makeup segment with new president
The Estée Lauder Companies announced on Thursday the appointment of Lisa Sequino as the new president of its makeup brand cluster, effective June 9. She will report to Jane Hertzmark Hudis, executive vice president, chief brand officer. In her new role, Sequino will be tasked with leading the global direction and growth of the New York-based cosmetic giant's makeup division, overseeing the brand's such as M·A·C, Bobbi Brown, Too Faced, Smashbox and Glamglow. With more than two decades of experience in the beauty industry, Sequino returns to The Estée Lauder Companies from indie beauty brand Supergoop!, where she most recently served as CEO. Before that, she was CEO of JLo Beauty, Jennifer Lopez 's beauty brand. Sequino's previous nine-year tenure at the American beauty giant included senior roles across both global and North America businesses. She served as senior vice president and general manager of Estée Lauder, North America, and later worked as senior vice president, brands, North America, where she oversaw a multi-brand portfolio across skincare, makeup, and fragrance. 'We are thrilled to welcome Lisa as the new leader of our makeup cluster,' said Jane Hertzmark Hudis. 'She is a powerful leader with a strong record of driving brand and business results. Her unique combination of strategic and conceptual thinking, entrepreneurial mindset and operational excellence makes her exceptionally well-suited to fast track our makeup cluster into its next phase of growth. Under Lisa's leadership, we are focused on winning with today's makeup consumer across generations, geographies and channels.' Sequino's appointment comes as Estée Lauder looks to strengthen its makeup category following weaker demand for its products. In its most recent trading update, makeup sales for the three months ending March 31 plunged 9 percent to $1.04 billion. Last month, the company announced the appointment of fashion veteran Nicola Formichetti to the role of creative director of M.A.C Cosmetics, in a bid to inject some star designer power into its makeup brand.
Business of Fashion
29-05-2025
- Business
- Business of Fashion
The Estée Lauder Companies Taps Lisa Sequino to Lead Makeup Division
The Estée Lauder Companies' appointed Lisa Sequino to lead its cosmetics brands, including MAC Cosmetics, Bobbi Brown and Smashbox. Sequino, who spent nearly a decade at the company before leaving in 2022 to head up Beauty and later Supergoop, will start in the newly created role of president of its makeup brand division on June 9. Her appointment is the latest in a period of prolonged executive reshuffles at the American cosmetics giant, which has struggled to return to its pre-pandemic profitability, as persistent headwinds in China and weak US demand for many of its brands have weighed. The company has begun to revive some of its brands with fresh marketing campaigns and innovation. Stéphane de La Faverie, who was appointed chief executive in October 2024, earlier this year announced a new leadership plan that saw executives regrouped into flatter structures across geographies and categories. Other changes include a new chief financial officer and the promotion of longtime executive Jane Hertzmark Hudis into the role of chief brand officer, while other executives were appointed to lead the fragrance, hair and skincare divisions. During her previous tenure at Estée Lauder Companies, Sequino held a variety of senior leadership roles, including as general manager of the namesake Estée Lauder brand, and as a senior vice president of the US market. Learn more: At Estée Lauder Companies, Growth Remains Elusive The company's latest results show progress in cutting costs, but projects a steeper slide in sales this year than previously anticipated.
Business of Fashion
22-05-2025
- Business
- Business of Fashion
Estée Lauder Companies, L'Oréal Suffer as China Duty-Free Spend Continues to Fall
Unable to travel overseas during the Covid-19 pandemic, Chinese consumers sparked a shopping boom in the southernmost province of Hainan, lured by the tropical island's plethora of duty-free shopping malls. Fast forward to today and the travel-retail sector in Hainan is in a 14-month slump with little sign of a turnaround. Duty-free sales dropped 10.8 percent over the first four months of 2025 compared with a year earlier, according to the latest data from the local customs agency. Both the number of shoppers and products purchased declined more than 25 percent so far this year. Global heavyweights of the beauty industry are also feeling the impact of cratering travel retail in China. Until recently, the likes of Estée Lauder Companies, Shiseido Company, and L'Oréal counted on the lavish duty-free spending of Chinese travellers to drive their earnings growth. But all three saw their Asia or China travel retail sales shrink last year and in the first quarter of 2025. The newfound frugality in duty-free spending follows a similar trajectory to the challenges faced by global luxury brands in the world's second-largest economy. Exuberant pandemic-era spending emboldened companies to make hefty investments, only to see demand rapidly shrink after consumers pulled back on spending in the aftermath of Covid. L'Oréal plans to cut as many as 50 percent of its employees in its travel-retail division, mainly made up of Chinese staff, due to the poor performance of the duty-free sector in the country over the past two years, local media Caixin reported in April. The Paris-based beauty giant is undergoing a transformation aimed at responding better to market shifts and evolving consumer needs, according to a statement from the company's travel-retail unit. The Caixin report is not accurate, it added. The belt-tightening among Chinese shoppers also contributed to a 17.5 percent decline in first-quarter sales for Beiersdorf AG's luxury skincare brand La Prairie. It has responded by cutting its reliance on China. 'The cosmetics industry has seen the price advantage of travel retail eroded,' said Jacques Roizen, managing director of China consulting at Digital Luxury Group. 'Discounts by global beauty brands — frequent and deep — offered across online and offline platforms have narrowed the gap between mainland and duty-free prices, diminishing the appeal of travel retail for beauty products.' Highlighting how Hainan malls have lost their edge on pricing, Sam's Club, Walmart Inc.'s membership chain in China, sells Crème de la Mer facial cream at times for around 20 percent less that the duty-free outlets. Shoppers who purchase the item on Alibaba Group Holding Ltd.'s Tmall, China's dominant e-commerce platform, don't get a discount but will receive a selection of free gifts in addition. The post-Covid resumption of travel to the likes of Japan and Southeast Asia has also eroded duty-free spending in Hainan. Affluent spenders, who supercharged Hainan's duty-free sales during the pandemic, are once again shopping abroad, according to Roizen. Adding to the challenges is the rising popularity of domestic beauty brands offering high-quality products at competitive prices, he said. Beijing's crackdown on resellers taking advantage of the island's duty-free shopping rules has also deflated the boom in Hainan. Known as 'daigou' in Chinese, some went so far as to use other people's duty-free shopping quotas to buy large quantities of goods and resell them in the rest of the Chinese mainland at a profit. A customs campaign against the practice in 2023 seized more than $83 million-worth of duty free goods bought in Hainan and resold elsewhere, according to a report by state-owned newswire China News Service. The slump has also had an impact on Hainan's economy. At the height of the duty-free shopping frenzy in 2021, it grew 11.2 percent year on year, well above the nationwide growth rate of 8.6 percent. In 2024, Hainan's gross domestic product increased 3.7 percent, lagging China's overall growth rate of 5 percent. In 2022, the Hainan government targeted duty-free sales of 100 billion yuan. In its most recent work report for 2025, the target is just 52 billion yuan. Unfulfilled Hopes After first introducing an annual duty-free shopping quota for Hainan of 5,000 yuan in 2011, the authorities drastically increased the allowance to 100,000 yuan in 2020. The government support gave global beauty houses high hopes Hainan would be a key growth market for years to come. Shiseido inaugurated six dazzling new stores for its premium brands in 2022. Pola Orbis Holdings Inc. opened its first duty-free store in Hainan in 2021. And the prospect of tourists willing to spend gained the interest of property developers. Both Swire Properties Ltd and LVMH Moet Hennessy Louis Vuitton SE have teamed up with local partners to build luxury retail developments in Sanya scheduled to open from next year. Swire Properties told Bloomberg its investment aligned with Hainan's long-term vision, with 50 percent of its HK$100 billion ($12.8 billion) investment plan earmarked to support a long term growth strategy in the mainland. 'We remain optimistic about the future of the Hainan Free Trade Port,' the company said in an emailed statement. LVMH didn't respond to a request for comment. 'Hainan's travel retail hasn't shown a strong recovery yet,' said Serena Sang, a consumer analyst at SPDB International Holdings Ltd. 'Per capita spending during this year's May Day holiday continued to decline. We still need time to gauge consumer response as the island pushes for independent customs operations.' Hainan resident Chen Yushan exemplifies the changing spending habits. Four years ago, the 30-year-old would regularly make the more-than six-hour round trip from her home in Hainan to buy bagfuls of luxury cosmetics at the duty-free malls. Even though she lives close to the outlets, she has to take the arduous round trip as shoppers need to show proof of travel from the mainland to qualify for the duty-free quota. Now she only makes the trip once or twice a year as the economy slows and the outlook becomes more uncertain. 'With the economy like this, I'm cutting back spending on costly skincare products,' Chen said. 'I don't even buy luxury bags anymore. They're useless. Nowadays I'd rather spend money on a good hotpot meal to treat myself.'
