Estée Lauder dismissed fears of a slowdown in China as its quarterly results beat Wall Street estimates on Wednesday on booming demand for cosmetics and high-end skincare products in the Asian country.
Estée Lauder has named Andrew Ross as executive vice president of strategy and new business development, and Lisa Sequino as senior vice president, global general manager of company subsidiary Becca cosmetics.
Shanghai has a new luxury address, with the opening of Bulgari Hotel Shanghai. Set on the riverbank not far from the city's famous waterfront The Bund, Bulgari Hotel Shanghai is a 48-floor tower that features 82 rooms.
Saks has unveiled a new 32,000-square-foot beauty space occupying the second floor of the retailer's NY flagship. The floor offers consumer experiences and 40% more space for 120 brands, nearly half of which are new.