The Estée Lauder Cos. Inc. annual meeting on Tuesday morning served as a victory lap for the company with president and chief executive officer Fabrizio Freda, touting a record-breaking year in which sales surpassed $10 billion for the first time.
“We have reason to celebrate,” Freda told shareholders, adding that the company’s operating margin reached a high of 15.2 percent in fiscal 2013.
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)