Estée Lauder Companies Inc. is a leading global cosmetics group, offering a diverse range of products under various brands, including Estée Lauder, Clinique, and M-A-C. As of June 2021, net sales are primarily from skin care (58.4%), followed by make-up (25.9%) and perfumes (11.9%), with distribution across approximately 1,600 points of sale worldwide. Geographically, sales are split among America (23.4%), Europe/Middle East/Africa (42.8%), and Asia/Pacific (33.8%).
Estée Lauder Companies Inc. is a leading global cosmetics group, offering a diverse range of products under various brands, including Estée Lauder, Clinique, and M-A-C. As of June 2021, net sales are primarily from skin care (58.4%), followed by make-up (25.9%) and perfumes (11.9%), with distribution across approximately 1,600 points of sale worldwide. Geographically, sales are split among America (23.4%), Europe/Middle East/Africa (42.8%), and Asia/Pacific (33.8%).
Estée Lauder's family members are stepping down from daily management roles, marking the first time in 75 years that the company will operate without a family member in leadership. This change comes as shares plummeted following the withdrawal of fiscal guidance due to uncertainties in China and leadership transitions. The company has faced ongoing challenges, leading to repeated guidance cuts that have raised concerns among investors about executive oversight.
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