The Estée Lauder Cos. capped off a difficult year with a powerful finish, and the company seems to be gearing up for aggressive change to maintain that pace.
Fueled by international sales momentum, the beauty firm’s net income rose 35.7 percent in the fourth quarter ended June 30 to $120.2 million, or 61 cents a diluted share, from $88.6 million, or 45 cents, a year ago. Sales for the quarter gained 14.2 percent to $2.01 billion from $1.76 billion.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)