The Estee Lauder Cos. Inc., which more than doubled profits in the third quarter, aims to encourage consumers to return to luxury with an aggressive increase in marketing spending in the fourth quarter.
The bolstered marketing efforts come on the heels of a solid quarter. In the three months ended March 31, the company reported profits of $57.5 million, or 28 cents a share, compared with $27.2 million, or 14 cents a share a year ago.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)