Hobson will be the only Black woman to chair a Fortune 500 company. She also serves as a director at JPMorgan Chase.
The company will cut up to 3% of its workforce globally and also expects to close about 10%-15% of its freestanding stores.
Burberry withdrew its financial guidance for 2020 and said it had closed more than a third of its stores in mainland China.
Company chart and information is provided by TradingView based on 15-minute-delayed data.
Estee Lauder is the world leader in the global prestige beauty market, participating across skincare (52% of 2020 sales), makeup (33%), fragrance (11%), and haircare (4%) categories, with popular brands such as Estee Lauder, Clinique, MAC, La Mer, Jo Malone, Aveda, Bobbi Brown, Too Faced, and Origins. The firm operates in 150 countries, with 27% of revenue stemming from the Americas, 44% from Europe, the Middle East and Africa, and 30% from Asia-Pacific. The company sells its products through department stores, travel retail, multi-brand specialty beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.
| Website: | www.elcompanies.com |
| Email: | irdept@estee.com |
| Main Phone: | +1 212 572-4200 |
| Address: | 767 Fifth Avenue |
| State: | NY |
| City / Town: | New York |
| Country: | US |
| Postal Code: | 10153 |
| Exchange: | NYE |
| CEO: | Fabrizio Freda |
| Employees: | 48000 |
| NAICS: | Toilet Preparation Manufacturing(325620) |
Hobson will be the only Black woman to chair a Fortune 500 company. She also serves as a director at JPMorgan Chase.
The company will cut up to 3% of its workforce globally and also expects to close about 10%-15% of its freestanding stores.
Burberry withdrew its financial guidance for 2020 and said it had closed more than a third of its stores in mainland China.
Chinese consumers account for a third of all spending in the luxury category alone, tariffs be damned.
The average American woman will use a minimum of 16 products every day.
In this week's interview with Francis Gaskins, Equities.com discussesthe fall and current state of the Chinese IPO market, companies going public this week, and one niche retailer that is planning
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