The Estée Lauder Companies Inc. launched the third edition of its Beauty&You program in India. The application pool has doubled in size this year from the past two years. This year's theme is Supercharged Futures. ➡️ https://hubs.li/Q02GLRw60 #beautynews #Beauty&You #ELC
Beauty Packaging Magazine’s Post
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🔎 Findings from Coty's latest earnings release: #Coty Delivers Very Strong Start to FY24 with Growth Ahead of #Beauty Market. In particular, the recently launched #Burberry Goddess Eau de Parfum has been the #1 female #fragrance launch in key markets, while simultaneously elevating the sales of other Burberry fragrance icons including Hero and Her. The Americas and Europe remain Coty's largest markets.Asia Pacific net revenues of $201.2 million, or 12% of Coty sales. In China, Coty's #Prestige revenues grew, with Coty's sell-out in mainland China growing double digits and in Hainan more than doubling YoY, in both cases well ahead of the market.
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In the past, beauty industry leaders L’Oréal and Estée Lauder typically experienced similar growth, resulting in correlated share price performance. However, in 2023, a significant and unprecedented gap emerged – Estée Lauder's share price plummeted by 41%, while L’Oréal's surged by 40%. This occurred against a backdrop of the overall beauty industry expanding by an estimated 9%, challenging the validity of the adage "a rising tide lifts all boats." Tasneem Samodien CA(SA), Research Analyst at Private Clients by Old Mutual Wealth unpacks the shift in the fortunes of the two companies, emphasising the importance of careful stock selection, even in seemingly "defensive" industries. Read more: https://lnkd.in/dJ7KpQBP #oldmutualwealth #privateclient #curatedwealth #beyondwealth #PrivateClientsbyOldMutualWealth
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Estée Lauder has been struggling for a while now... and in typical US fashion, it's now proceeding to slash 3,000 jobs (up to 5% of it workforce). Of course the stock is seeing a jump in pre-market trading. But will that be enough to revive sales in Asia in particular (the so-called travel retail channel)? Shares have lost about 50% of their value in the past year. Its arch-rival L'Oreal reports FY this Thursday after markets close in Paris. The French beauty giant will probably show continued market share gains. L'Oreal's strength stems partly from its ownership of affordable brands (Garnier, Maybelline) but also pricey ones (Lancome, Yves Saint Laurent). It caters to everyone, in good times and in bad times (inflation). #luxury #makeup #cosmetics #beautyindustry Jeannette Neumann
Estée Lauder Surges on Revamp Plan to Cut Up to 5% of Workforce
bloomberg.com
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Global executive⎮Founder⎮International Expansion ⎮ Digital marketplaces⎮Asian consumers⎮ Board and investor advisor
Beauty groups have been announcing their results. L’Oreal came in below expectations and Estee Lauder above. Coty although much smaller than these other two has been consistently beating expectations. First half 2024 fiscal +16% sales Prestige was driving the way at +20% Kylie, Burberry and Gucci were cited as driving the group performance. In contrast to the other big players Coty saw strong performance in APAC and in Travel Retail Coty have been doubling down on India after seeing +65% last fiscal year they are working with a distributor to bring Kylie cosmetics to the market. The renewal of the Adidas licence and the push for this in China will need more time to determine success. Coty has a vast portfolio, it is heavily weighted with Prestige taking 65% of business. Prestige fragrances being the biggest contributor. In APAC Korea, Hong Kong and Taiwan, Australia and New Zealand, and regional Travel Retail were the drivers for growth. Continuing to bolster the portfolio in Skincare, especially Clinical skincare would future proof the business better - Inkey list could be a good acquisition. Who else do you think would compliment the portfolio well? #coty #beautybrands #skincare
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Excited to reveal the completion of the Shiseido project. A big thank you to our amazing team for their tireless effort and timely delivery! We sincerely thank the Shiseido team for their trust and support throughout this project. #Shiseido #ShiseidoProject #BeautyIndustry #FragranceIndustry #BeautyTech #ManufacturingSuccess #RetailDisplay #RetailInnovation #FragranceSolutions #BeautyManufacturing #retail #retailfixtures #fixture #shoutmarketing
Shiseido Promotion in Inorbit Malad
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Spanish beauty conglomerate Puig has acquired a majority stake in luxury skin-care brand Dr. Barbara Sturm. While terms of the deal were not disclosed, WWD previously reported that Dr. Barbara Sturm’s annual sales were around $77 million. #Puig has been one of the newer strategic acquirers in recent years, building up an arsenal of #beauty brands as it aims to compete with established players like L'Oréal Group and The Estée Lauder Companies Inc., plus emerging players like #KeringGroup. In this piece by Emma Sandler, we speak to Andrew Charbin of PricewaterhouseCoopers Corporate Finance LLC, and Sasha Radic of Jefferies.
Puig snaps up Dr. Barbara Sturm
https://www.glossy.co
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Mexico is an important growth market in beauty. As WWD highlights,* the large youth proportion and a growing middle class are driving strong demand for beauty products, especially fragrances. In 2023, Mexico's beauty and personal care market exceeded $15 billion, marking a 50% increase from 2018 and presenting a significant whitespace opportunity for Coty. At Coty, Mexico bloomed in Q3 by leading the expansion of our Prestige fragrance category which also saw rapid growth acceleration in North America and Europe. Additionally, in Latin America, Brazil, India, Southeast Asia, and Africa, we experienced a 20% LFL growth, reinforcing these regions as true "growth engines" for our business. #Coty #Beauty #Fragrance #Mexico #EmergingMarkets #Growth #Consumer https://lnkd.in/eUqPrXtJ
Why Mexico Is Becoming Increasingly Important to Beauty Companies
https://wwd.com
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A interesting study I reed today #Data Strategic Moves in the #Beauty #Industry 🌟 As the tides of #War and #Recession , #LVMH cosmetic jewel, #Sephora, has carved out an enviable position. With an astute understanding of consumer behavior, Sephora rode the "lipstick effect" to an impressive $15.4 billion revenue, as shared by CEO Guillaume Motte with The Financial Times. Amidst economic fluctuations, this phenomenon – where consumers indulge in affordable luxuries – has propelled Sephora to become LVMH’s third-largest brand, trailing only the iconic #LouisVuitton and #ChristianDior This success story isn't just about beauty products; it's a masterclass in agility and market acumen. In the world of luxury and cosmetics, while one beauty giant takes a bold step forward, another adjusts its strategy, leading to a fascinating dance of business maneuvers. Sephora’s trajectory is a testament to that, showing that with the right insight and innovation, targets aren’t just met; they’re exceeded ahead of time. As professionals, let's take note of Sephora's strategy. Whether it’s the allure of a lipstick or the promise of a skincare routine, understanding customer inclinations can lead to substantial growth, even in times when purse strings tighten. Keep an eye on the beauty sector; there’s much to learn about the art of resilience and the science of consumer delight. #BeautyIndustry #BusinessStrategy #LVMH #Sephora #ConsumerBehavior #LipstickEffect #Innovation #LuxuryBrands #Startup #India, #asia #singapore #Innovation, #Management, #HumanResources, #DigitalMarketing, #Technology, and #creativity
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Global Executive | CPG & Retail & Media | Board Member | Start-Up Advisor | LinkedIN Top Voice | International Sales & Marketing Leader | B2B & B2C Strategy
The Estée Lauder Companies Inc. increased organic sales by 6 per cent year-on-year to $3.94 billion in the third quarter. LA MER, Estée Lauder, Jo Malone London, Le Labo Fragrances and The Ordinary led organic sales growth, with strong performance in the EMEA region and a travel retail rebound in Asia. Across the company, the #skincare category saw 9 per cent growth. CEO and president Fabrizio Freda highlighted La Mer’s strong double-digit growth, as well as the Estée Lauder brand, which grew mid-single digits. #Makeup net sales increased 4 per cent thanks to travel retail, as well as double-digit growth in Latin America and Korea. The Estée Lauder brand performed strongly, as did Clinique - both with double-digit growth reflected across all regions. Nevertheless, the #beauty company reduced its organic net sales outlook for the year, blaming macroeconomic headwinds, softness in the prestige beauty business across Mainland China and geopolitical volatility. #beauty #retail
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Can you crack this #mckinsey case study? 🤔 "Beautify is a global prestige cosmetics company that sells its products mainly inside high-end department stores such as Harrods and Shanghai No. 1. It also has a presence online with specialty retailers like Sephora. Beautify produces a number of makeup, fragrance, and skin care products sold under several different brands. In department stores, beauty consultants play a critical role with consumers. Beautify is excited to support its current staff of beauty consultants on the journey to becoming virtual social media-beauty advisors. Consultants would still lead the way in terms of direct consumer engagement and would be expected to maintain and grow a group of clients. They would sell products through their own website, make appearances at major retail outlets, and be active on all social media platforms. " What possible factors should Beautify consider when shifting this group of employees toward a new set of responsibilities? Give your answers in the chat, OR discuss with us at ConsultingSim for a cup of coffee. ☕ #ConsultingSim #SimulateSuccess #ConsultingWorkshop #Consulting #Innovation
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