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Estee Lauder’s Biggest Makeover Should Triple Innovation, Create ‘Flatter and Leaner’ Biz – CEO

 
• By Eileen Francis

New Estee Lauder President and CEO Stéphane de La Faverie unveils "Beauty Reimagined" restructuring effort to expand its recovery plan and unleash innovation to restore sustainable sales growth over next few years. The largest operational transformation in its history will include cutting up to 7,000 jobs and total charges of $1.2bn-$1.6bn, while grossing annual savings of $800m-$1bn.

Estee Lauder store

The Estee Lauder Companies Inc.’s “Beauty Reimagined” makeover – the largest operational transformation in the company’s history – sets out to create a “flatter and leaner” organization, while tripling innovation each year and scaling AI integration across the business.

The effort will significantly expand the firm’s Profit, Growth and Recovery Plan (PGRP), with total charges of $1.2bn-$1.6bn and annual gross savings of $800m to $1bn before taxes, company executives...

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Estee Lauder’s Biggest Makeover Should Triple Innovation, Create ‘Flatter and Leaner’ Biz – CEO

 
• By Eileen Francis

New Estee Lauder President and CEO Stéphane de La Faverie unveils "Beauty Reimagined" restructuring effort to expand its recovery plan and unleash innovation to restore sustainable sales growth over next few years. The largest operational transformation in its history will include cutting up to 7,000 jobs and total charges of $1.2bn-$1.6bn, while grossing annual savings of $800m-$1bn.