Why Beauty’s Biggest Companies Are Struggling to Grow
For the last month, chief executives shared that in beauty, growth is still elusive. The most recent crop of earnings displayed tepid results from almost every big beauty firm, with…
Estée Lauder Is Growing Again. Now Comes the Hard Part.
On Thursday, Estée Lauder Companies’ executives were in an upbeat mood, but shy of ecstatic. After four quarters of decline, and a stock price that’s more than halved in the…
High Margin: Kering Sales, Smash-and-Grab Theft and Paris Art Week
Hello from Paris, where the Louvre reopened this morning three days after a jewel heist that shocked the world. The French crown jewels were plundered in a seven-minute operation —…
Estée Lauder Companies Says Its Turnaround Is Working — Slowly
The Estée Lauder Companies on Wednesday predicted a possible return to growth in its next fiscal year, a tentative vote of confidence in a turnaround plan meant to address a…
Swiss Watchmakers Battle for Their Future
GENEVA — At a press conference marking the 20th anniversary of the Fondation Haute Horlogerie (FHH) in Geneva last week, watchmakers gathered in a show of strength to double down…
Explainer: How Trump’s Tariffs Threaten Luxury Fashion
At a press conference in January, fresh off a promising earnings report and a stop at US President Donald Trump’s inauguration, LVMH chief Bernard Arnault — who had pegged hopes…