A take on business from Times Square
Sponsored by NYC News Service and CUNY Newmark J-School
Reporter
The Trump administration’s tariff policies have exerted pressure on companies to invest in building manufacturing facilities domestically, or face the potential ire of the government.
It’s safe to say that for any business, being associated with one’s grandparents or older family members doesn’t leave much for growth.
Estee Lauder returned to sales growth in the most recent quarter, a sign the turnaround strategy deployed by chief executive officer, Stephane de la Faverie has started to bear fruit.
Estée Lauder tapped René Lammers as the executive vice president and Chief Research & Innovation Officer, the latest executive shakeup as the company attempts a broader comeback.
While it might seem like many women in Midtown Manhattan are donning Michael Kors bags, investors are tightening their pursestrings on Capri Holdings– Jimmy Choo and Kors’ parent company, in favor of buying shares of other affordable luxury stocks like Tapestry or Ralph Lauren.
About the Journal
The Times Square Investment Journal covers companies, markets and personal finance from a newsroom in the heart of Manhattan. The Journal is sponsored by the NYC News Service and the Craig Newmark Graduate School of Journalism at CUNY.
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greg.david@journalism.cuny.edu