The Estée Lauder Cos. Inc. is increasingly taking a global view in 2014, and has its eyes trained on emerging markets, particularly China.
Lauder president and chief executive officer Fabrizio Freda acknowledged a slowdown across China’s tier-one cities, but said the country’s tier-two, -three and -four cities are gaining at a healthy clip as the middle class grows. And those cities are precisely where Lauder plans to expand its distribution and e-commerce presence. His upbeat outlook contrasted sharply with the recent action of Revlon, which was recently forced to exit the market. In addition, L’Oréal withdrew its Garnier brand.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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