Despite an overall drop in net sales, the makeup category showed double digit net growth in many countries. Image credit: Estée Lauder Cos.
Luxury Daily's live news for Feb. 2:
Latest Estée Lauder earnings show sales down 17pc, fragrance excels
The brand cites COVID-19 restrictions in mainland China as a major factor in decline of net sales.
Fairmont, Abbey Road Studios launch joint initiative for emerging artists
Hospitality brand Fairmont Hotels and Resorts is partnering with famed recording studio Abbey Road on a new music program called “Center Stage.”
Fontainebleau launches $25K whisky tasting, Rolex included
Hospitality group Fontainebleau is offering tastings involving luxury whiskey and a special accessory, for a hefty price.
Jo Malone reinstates Rachel Baker as vice president general manager of UK, Ireland
U.S. beauty group Estée Lauder Companies' U.K. and Ireland division has announced that beauty executive Rachel Baker will add the role of vice president and general manager of Jo Malone in London, U.K. and Ireland back onto her plate.