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ESTEE LAUDER COS.
MAC cosmetics owner Estee Lauder to cut 3,000 more jobsEstee Lauder Cos. is set to cut up to 3,000 more jobs, increasing its total planned layoffs to 10,000. This move aims to generate an additi...- JPMorgan flags 6 stocks that could be due for a sudden pullback — why investors may want to tread carefullyJPMorgan warned that six popular stocks may face a sudden pullback as market crowding hits extreme levels. The bank says heavy buying, espe...
- Nykaa takes its beauty battle global to take on cosmetic giantsNykaa, India's leading beauty retailer, is venturing into global markets. It is launching Kay Beauty in the UK across Space NK stores and o...
- With the most launches in a year, India is the newest darling of global beauty brandsIndia is experiencing a surge in global beauty brands targeting the country, thanks to its growing population of young people with increasi...
- Estee Lauder sinks after dour 2023 view on slow Asia travel retailShares of the company fell 20% to a six-month low of $196 in early trade after Estee cited a slower-than-expected recovery in Asia travel r...
- Estee Lauder nears $2.8 billion deal to buy Tom Ford: ReportEstee Lauder and Tom Ford did not immediately respond to Reuters requests for comment. Shares of Estee rose about 4% in afternoon trade. Ea...
- CEO Sue Nabi says Coty's modest presence in China offers potential and protectionAmerican beauty company Coty has reported an increase in its net revenue figure in China.
- Our lipstick obsession says a lot about the economyBut cosmetics demand isn’t confined to lipstick. The natural “clean girl” aesthetic, characterized by glowing skin, has generated interest ...
- Wall Street ends higher after choppy session ahead of FedThe Dow Jones Industrial Average rose 67.29 points, or 0.2%, to 33,128.79, the S&P 500 gained 20.1 points, or 0.48%, to 4,175.48 and the Na...
- S&P, Nasdaq rise on strong results from Nvidia, retailersThe Dow Jones Industrial Average fell 29.36 points, or 0.08%, at the open to 35,901.69.
- Citi’s $900-million ‘clerical error’ is worst Wall Street bungle in a long timeThe "clerical error" has plunged the bank into a battle between the Perelman empire and a corps of sharp-edged investment funds that have b...
- In corporate reckoning on race, a skin-deep industry stands outThe corporate world is facing an unprecedented reckoning on race as the protests seep into boardrooms and executive suites. Executives at C...
- Estee Lauder heiress now among world's richest people, boasts of an estimated $4.3 bn fortuneJane Lauder ranked No. 461 on the list, just behind New England Patriots owner Robert Kraft.
- Nikkei ends firmer but gains capped after Trump's speech; Toyota dipsThe Nikkei share average rose 0.1 percent to 20,874.06.
- Mark Zuckerberg loses $16.8 billion in a snap as Facebook plungesHis fortune tumbled as shares of Facebook slid 20% in post-market trading on disappointing results.
- Louis Vuitton goes digital, turns to Facebook Bot to chat with customersLV's virtual adviser can help you pull up catwalk shows, learn about the brand's history, and give tips for product maintenance.
- Oil falls below $41 as recession batters USOil prices fell below $41 a barrel Friday in Asia as soaring U.S. unemployment and bleak corporate results kept investors pessimistic about...
- US jobless claims hit 26-year high of 626,000As a proportion of the work force, the number of people receiving unemployment benefits is at the highest level since August 1982. Coming t...
- India a critical part of the lipstick marketPeople spend more on cosmetics and less on bigger-ticket items to lift their mood in times of financial distress.
- The lipstick as an economic indicatorLipstick sales are a good indicator of economic depression. They take off as women boost their mood with inexpensive purchases. World's lon...
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