Growth came largely from Lauder’s recent acquisitions of Too Faced and BECCA. The company also benefitted from a continued acceleration in China, Hong Kong, travel retail and global online, as well as strength in several developed and emerging markets in Europe.
Both scents proved too inspiring for the creative team to settle on one fragrance.
Basil & Neroli captures the vibrant spirit of London, and it contains basil, one of the company’s signature ingredients first introduced 25 years ago in Lime Basil & Mandarin.
Basil & Neroli captures the vibrant spirit of London, and it contains basil, one of the company’s signature ingredients first introduced 25 years ago in Lime Basil & Mandarin.
Estée Lauder’s annual sales for its fiscal year ended June 30 hit $10 billion for the first time. Ecommerce, with a double-digit jump, reached a milestone half billion in sales, for the time period.
The future is luxurious.
For the second quarter ended Dec. 31, Estée Lauder saw that “the fastest growth came from the high end of our prestige portfolio,” said Fabrizio Freda, president and Chief Executive Officer of The Estée Lauder Cos., on a conference call with analysts. “The affluent consumer is spending freely for products she desires,” he said. As a result, its luxury brands “are thriving.”
