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| Beauty’s most-watched succession drama seemed to come to a head on Sunday evening when WWD reported that Jane Lauder is stepping down from her role at the company started by her grandmother, Estée, although she will remain on the board of directors.
Her departure leaves the door wide open for executive group president Stéphane de La Faverie to become chief executive officer of the Estée Lauder Cos., seemingly a foregone conclusion but one that has not yet been confirmed by the company.
While Jane Lauder will no longer be involved in the day-to-day operations of the business, she’s still the second largest individual shareholder and will wield a different kind of influence in her new role. Today, senior editor Kathryn Hopkins spoke to investors and company insiders to gauge their reaction and get a read on how best to reposition the company for growth.
On a lighter note, for anyone running in next weekend’s New York City Marathon — as our beauty market editor James Manso plans to do — be sure to check out our post-run recover options. — Jenny B. Fine, editor in chief, Beauty Inc |
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| | | Beauty Features A report by Dash Hudson shows brand engagement rates are growing on both TikTok and Instagram — though only the former is growing … |
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| | | Beauty Features The beauty giant and retailer teamed up for a competition to identify the country's most dynamic entrepreneurs. |
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| | | Wellness From dedicated hotel packages to the best muscle-soothing treatments, a roundup of the best services and places to visit for marathoner … |
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| | | Wellness Paltrow also joins the Evolvetogether team as an adviser. |
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