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.
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion
“I’m Russian and I love to use all these little tricks that I got from my grandma or my mom. We didn’t have a lot of money for creams or anything like that so we would use a garden as a beauty treatment regime. We’d put cucumber in the fridge and do a cucumber mask,” says model @irinashayk on one of her beauty hacks. WWD asked celebs what their go-to self-care rituals are. See what Naomie Harris, Freida Pinto and more said on WWD.com. #wwdeye #wwdbeauty (📷: @zefashioninsider)
Exclusive: @viktorandrolf are teaming up with @Zalando on a collection made from leftover clothing. The lineup, which lands at the retailer February 1, includes 17 pieces adorned with sliced up and repurposed overstock from the retailer’s private label collection. Pictured here is a look from the collection –– see more on WWD.com. #wwdfashion #wwdnews
@duewestnyc is the newest bar joining the collection of intimate neighborhood-focused spaces in the West Village. The cocktail menu, which includes bitters and syrups made in-house, offers a “Build Your Own Old-Fashioned” – like the one pictured here – where guests can choose from a list of spirits and unexpected sugars and bitters. #wwdeye
Spotted at last night’s National Board of Review gala in NYC: Angelina Jolie. Jolie – along with Meryl Streep, @lupitanyongo and more – continued the all-black dress code from Sunday’s Golden Globes. #wwdeye (📷: @lexieblacklock)