Thia Breen and Lynne Greene have been named group presidents at the Estée Lauder Cos. Inc., effective Jan. 1, as a reward for their performances and an acknowledgment of the importance of the territory and brands they manage.
These promotions will double the number of group presidents at Lauder. Breen and Greene will join the two existing group presidents — John Demsey and Cedric Prouve.
Fabrizio Freda, president and chief executive officer of Lauder, said the promotions are part of a number of realignments and adjustments, also slated for January, that are designed to reward people with bigger responsibilities to create opportunities for growth, thereby leveraging the talents within the organization. “I will continue to fine-tune the organization to make sure it is in alignment with the strategy of growing the brands globally while making sure they are more locally relevant,” he said. RELATED STORY: Good Cheer Buoys Estée Lauder Stockholder Meeting >>
This fine-tuning is necessary, he continued, because the company has grown dramatically since the last company-wide reorganization in 2009. Since then, Lauder’s sales volume has grown by $2.5 billion to roughly $10 billion, the company has added $15 billion in capitalization and shareholder return has increased by 242 percent, he said, declaring that the figures add up to the best performance in the industry.
Freda added that much of this success was sparked by the dynamic growth — particularly in China — of the company’s oldest institution, the Estée Lauder brand. For this, he singled out the work of Jane Hertzmark Hudis, global president of the brand.
Breen’s current title is president of North America, Lauder’s home market. Despite its large size, Freda described North America as “one of the fastest-growing regions.” It is also one of the most complex. Freda said there are retail accounts within the U.S. that are as large as some of Lauder’s foreign markets. And these giant retailers require a commensurate amount of attention. “Thia has done a great job in creating an account management structure,” he said. Her responsibilities will be expanded in January with the upgrading of the Canadian territory as a full-fledged Lauder affiliate, complete with a newly named general manager.
Greene, who has been global president of Clinique, Origins and Ojon, has built Clinique into the biggest prestige brand in the U.S., Freda said, and “Origins has been very successful.” As a new group president, she will gain responsibility for the hair salon brand Aveda and the European pharmacy-oriented brand Darphin.
In yet another fashion show shuffle, @elleryland is moving its show in sync with the Paris couture calendar — though the brand is still keeping one foot on the city’s ready-to-wear schedule. Their runway show in January will coincide with the launch of a new strategy: designing two main collections each year instead of four, which will then be released in four drops. “As we all know, the system needs to change. We need to show sooner to give time back to artisans and designers to do what they do best — create,” said founder Kym Ellery. #wwdnews #wwdfashion (📷: @kukukuba)
@maxmara’s classic 101801 coat was the cornerstone of its pre-fall 2018 collection. The design team expanded the traditional double-breasted, kimono-sleeved style into a trapeze coat, lean belted styles and a peacoat and presented them in monochromatic looks – like the camel one pictured here. #wwdfashion #prefall18 (📷: George Chinsee)
The @cfda has shifted the dates of #NYFW, with Men’s showing on February 5 through February 7, and Women’s will directly follow, running from February 8 through 14. The preliminary schedule will be released on the CFDA’s web site in the next few days, but Mark Beckham, VP of marketing for the CFDA, revealed that @rafsimons will be back to close the men’s-specific part of the week with a show on February 7 #wwdfashion (📷: Kelly Taub)
@ferragamo is introducing a new space dedicated to the development of women’s and men’s leather good samples. The laboratory, which is created eco-friendly materials and designed to reduce the environmental impact of the manufacturing processes, will allow the company to expand its accessories offering through traditional artisanal approaches. #wwdfashion (📷: @aitorrosasphoto)
How does a “regular, degular, schmegular” girl from the Bronx, N.Y., become a Grammy-nominated artist with a certified platinum record in less than a year? Call it the @iamcardib come up. The 25-year-old has become a musical sensation, and the fashion world is taking note. “If I could describe her style I would say drama. She’s really into the dramatics,” says Cardi B’s stylist @kollincarter. See how Carter styles her bold and out there looks with the link in bio. #wwdfashion
“There is no formula. There is no guideline. I can watch Ted Talks all day, but there is no one who can advise me on exactly what it is I should be doing,” said @ronniefieg, CEO of @kith, in an interview with WWD’s @ariahughes at the brand’s new SoHo office in Manhattan. Head to WWD.com to see how Fieg went from hanging out in shoe stockrooms at 13 to building his own business. #wwdfashion (📷: @weston.wells)
@fearofgod and @maxfieldla have teamed up on a pop-up installation. The store, located in the gallery space across from Maxfield’s Melrose Ave location, is the site of the brand’s House of God pop-up in which Fear of God founder @jerrylorenzo has created a church-inspired installation. A dozen vintage church pews sit in front of an LED screen playing 90s gospel singers in an effort to re-create an environment akin to a Southern Baptist Church, Lorenzo explained. Read more about the pop-up on WWD.com #wwdfashion (📷: Jennifer Johnson)
Known for his sleek, sophisticated American glamour, Norman Norell is the subject of an upcoming exhibition at @fitnyc. “Norell: Dean of American Fashion,” which runs from February 9 through April 14, will feature approximately 100 ensembles and accessories. His best work is exemplified by the designer’s glittering “mermaid” gowns frosted with thousands of hand-sewn sequins – like the one pictured. (📷: William Helburn) #wwdfashion
For pre-fall 2018, @balmain didn’t let go of the glitz. A crystal embroidered baseball jacket priced at around $40,000 hangs in the “couture” section of the brand’s first men’s pre-collection. Sporting the words “Balmain Army” across the back, the item took around two months to make. “When it was completed, it was like Christmas, it was like, ‘It’s done, it’s exactly what I wanted,’” said Balmain’s creative director @olivier_rousteing during a tour of the collection in a Paris showroom on Monday. #wwdfashion