The Estée Lauder Cos. Inc. Friday said better-than-expected sales and tight controls on costs would lead it to “significantly higher” first-quarter profits than previously projected.
In August, the beauty company said earnings before restructuring charges would range from 23 cents to 30 cents a diluted share for the quarter ended Sept. 30. Sales, measured at constant currencies, were slated to drop 2 to 5 percent.
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)