Despite storm clouds over parts of Europe, luxury consumers seem largely unfazed: Their unrestrained spending helped drive a 6.9 percent sales gain at the Estée Lauder Cos. Inc. in the second quarter.
“The affluent customer is spending freely for products she desires,” Lauder president and chief executive officer Fabrizio Freda told Wall Street analysts during the company’s second-quarter earnings call on Tuesday. He emphasized that Lauder has managed to grow despite softening across certain southern European countries, such as France, Italy and Spain. For instance, Freda noted that in France the company is growing at a rate of more than 8 percent.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)