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Estee Lauder said on Monday CEO Fabrizio Freda had decided to retire from his role next year after leading the beauty and cosmetics giant for nearly 15 years.
NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) today announced that Fabrizio Freda has informed the Board of Directors of his intention to retire at the end of fiscal year 2025. The Board is well advanced in its long-established CEO succession planning process whereby the Board has considered many highly qualified internal and external candidates. Until his successor is appointed, Mr. Freda will continue to lead and oversee the Company's strategic, financial and investmen.
NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against The Estee Lauder Companies Inc. (NYSE: EL) on behalf of long-term stockholders following a class action complaint that was filed against Estee on December 7, 2023 with a Class Period from August 18, 2022 to May 2, 2023. Our investigation concerns whether the board of directors of Estee have breached their fiduciary duties to the company.
Victoria Greene, G Squared Private Wealth founding partner and CIO, joins CNBC's 'The Exchange' to discuss her moves on four stocks.
The shares of Estee Lauder Companies Inc (NYSE:EL) are 0.7% lower at $94.51 at last look, after a bear note from BofA Global Securities.
The Estée Lauder Companies Inc. EL is expected to release earnings results for its fourth quarter, before the opening bell on Monday, Aug. 19.
The Estee Lauder Companies' (EL) fiscal fourth-quarter results are likely to reflect the gains from online strength and emerging market presence amid a tough macroeconomic environment.
Estée Lauder stock (NYSE: EL) currently trades at $92 per share, around 75% below the level seen in December 2021. In comparison, L'Oréal (OTCMKTS: LRLCY) saw its stock decline 13% over the same period.
Estée Lauder's stock is down three-quarters from its all-time high as the business has experienced strong headwinds. The initial FY 2024 guidance was way too optimistic; however, the economic environment has not improved since then, to the contrary. Recent acquisitions and restructuring efforts have not significantly improved the company's financial performance.
Get a deeper insight into the potential performance of Estee Lauder (EL) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.