The firm has appointed Jane Lauder to the new role of executive vice president, enterprise marketing and chief data officer, and named Michelle Freyre as senior vice president, global general manager, Clinique.
Estée Lauder Cos Inc raised its annual profit forecast after posting better-than-expected quarterly results on Tuesday, driven by strong growth in China and higher demand for skincare brands such as La Mer.
Estée Lauder dismissed fears of a slowdown in China as its quarterly results beat Wall Street estimates on Wednesday on booming demand for cosmetics and high-end skincare products in the Asian country.
Estee Lauder’s stock hit a record high after the cosmetics maker forecast holiday-quarter sales ahead of market expectations Wednesday, banking on demand for its acquired makeup brands that are popular with millennials.
Estée Lauder Cos stock hit a record high after it forecast stronger full-year profit and sales posted higher-than-expected results as the cosmetics maker sold more products from brands such as M.A.C and Tom Ford.