Estee Lauder Companies Inc.
Latest From Estee Lauder Companies Inc.
J&J’s US beauty president Michelle Freyre will take over ELC’s Clinique business in July, succeeding Jane Lauder, who has been appointed to a new role at the company focused on driving its digital evolution.
The companies initiated voluntary recalls in May after finding evidence of microbial contamination – in Arbonne’s case, the presence of Pluralibacter gergoviae in a body wash product, and in BECCA’s, “a brownish-black material identified as a common household mold” identified on a makeup applicator.
President of Estée Lauder's Origins business Julie Van Ongevalle will take the reins of Sanofi's global Consumer Healthcare business from September. The French firm is banking on Van Ongevalle's digital and brand-building experience to take the business to the next level.
The beauty giant says it is selling its Professional Beauty and retail hair-care businesses to global investment firm KKR and targeting $700m in cost reductions over the next two and a half years. Coty already was in transformation mode prior to COVID-19, which drove a 23% decline in its third-quarter net sales, and it does not expect revenue levels to normalize anytime soon.