Fabrizio Freda is getting ready to celebrate the prospect of the Estée Lauder Cos. Inc. closing in on the $10 billion mark — a goal it aims to achieve by the end of its fiscal year on June 30.
Once reached, the milestone will mark a robust growth spurt for the beauty firm. Net sales will have gained roughly 37 percent from $7.32 billion in 2009, the year Freda assumed the post of president and chief executive officer. He took the helm while Lauder was grappling with the recession — the company’s sales had decelerated from $7.91 billion in 2008.
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)