SELLING OFF: Ronald Lauder, chairman of the Estée Lauder Cos.’ Clinique Laboratories, made $2.6 million, before taxes and fees, selling shares of the firm’s stock this week. According to a filing released by the Securities and...
SELLING OFF: Ronald Lauder, chairman of the Estée Lauder Cos.’ Clinique Laboratories, made $2.6 million, before taxes and fees, selling shares of the firm’s stock this week. According to a filing released by the Securities and Exchange Commission Thursday, Lauder converted 300,000 shares of EL’s Class A common stock into an equal number of Class B common stock on Tuesday, and then sold 75,000 shares in a series of trades through Wednesday at an average of $34.12.
MAC ACTIVITY: MAC Cosmetics will be on the move next week, as the Estée Lauder-owned brand plans to conduct celebrity makeovers and other related activities at the 28th annual Toronto International Film Festival on Sept. 4-14; the 4th annual Latin Grammy Awards on Sept. 3, and a Harlem store-opening event featuring an appearance by Mary J. Blige on Sept. 2. Wednesday and Thursday of this week, MAC participated in the Oasis, a pre-MTV Video Music Awards venue at the Tribeca Grand Hotel featuring an array of products and services. In addition, MAC is launching holiday gift collections dubbed “Holidazzle,” a series of palettes, brush sets and fragrances slated for specialty chains, department stores and MAC boutiques.
SCENT EVENTS: The Fragrance Foundation said it has retooled its annual “Think Tank” breakfast event series, renaming it, giving it a more narrow focus on forward-thinking ways to address the current market and moving the events off-site. As many as five events are scheduled for the 2003-2004 season, which has been named “Insight Series” and focuses on demographic segmentation. The first event, on Sept. 16, will look at the teen market and feature guests Jane Buckingham, of market research and consulting firm Youth Intelligence, and Atoosa Rubenstein, editor in chief of Seventeen magazine. The second event, scheduled for November, will focus on the Latino market.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)