Fabrizio Freda

Estée Lauder cuts revenue outlook as challenges in China persist

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By Bloomberg Published May 1, 2024 Estée Lauder Cos. lowered its revenue outlook for the remainder of the year as the company faces lackluster demand for its high-end products in China. Estée Lauder The company noted ongoing weakness in prestige beauty in mainland China in the most recent quarter, “reflecting subdued consumer confidence and softness … Read more

Gucci’s China shock reverberates across the luxury landscape

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By Bloomberg Published Mar 24, 2024 Fears of a slowdown among Chinese shoppers have dogged the luxury industry for the better part of a year. Last week the scale of the problem hit home for one of fashion’s biggest but most exposed brands, Gucci. See catwalkGucci – Fall-Winter2024 – 2025 – Womenswear – Italie – … Read more

Estée Lauder surges on plan to cut up to 5% of workforce

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By Bloomberg Published Feb 5, 2024 Estée Lauder Cos. said it’s cutting as many as 3,000 positions as part of a restructuring plan to put one of the world’s largest beauty companies back on track. Facebook: Estée Lauder The shares jumped 15% in premarket trading at 8:08 a.m. in New York. The owner of the … Read more