At the Estée Lauder Cos. Inc. annual shareholders meeting on Thursday the mood was as buoyant as the strong business results.
The company sales in fiscal 2012 gained 10.3 percent to $9.71 billion, growing twice the rate of global prestige beauty. The company also touted several other highlights during the year: Lauder’s net sales in Asia Pacific topped $2 billion, its travel retail business surpassed $1 billion and China emerged as the company’s largest market in Asia and Lauder’s third biggest market globally.
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)