A Preview of Estée Lauder’s Summer Report Card
This week, the American company will report its earnings after a quarter that saw an abandoned merger, scrapped brand divestments and executive reshuffling. How will the market react?
Estée Lauder will unveil its Summer Report Card, revealing insights into the global fashion industry. Senior Beauty Correspondent Daniela Morosini from The Business of Fashion provides analysis and advice for industry stakeholders. The quarter saw challenges including an abandoned merger, scrapped brand divestments, and executive changes.
Canadian and US negotiators work towards a deadline on Aug. 19 to prevent 50 percent tariffs on Canadian goods. While trade discussions are ongoing, substantial work remains to resolve key disputes. Retail sales experienced a slight decline, dropping 0.6 percent last month after a modest increase of 0.2 percent in June. However, clothing store sales rebounded 1.9 percent, possibly driven by back-to-school shopping.
The unfolding scandal surrounding Phia highlights a series of avoidable strategic and reputational mistakes. Seven key lessons are provided for founders launching a fashion startup.
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