Even with billions in online sales, Sephora’s move expresses continued confidence in retail.
In three years, Lauder plans to buy the rest of the company at a to-be-determined valuation.
In January, WWD Beauty Inc reached out to more than a dozen major beauty companies to track whether internal progress had been made toward diversity.
“It’s not just the lack of diverse investments, it’s a lack of diverse investors.”
The brands will go through a six-month digital program that culminates with a pitch day.
Despite the ongoing coronavirus pandemic, Estée Lauder posted 5 percent net sales growth.