Estee Lauder Doesn’t Want to Be Known As Your Grandma’s Makeup Brand Anymore
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.
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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.
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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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