Reported 30 days ago
Estee Lauder has appointed Stéphane de La Faverie as its new CEO, following the retirement announcement of Fabrizio Freda. Currently serving as executive group president, La Faverie has been with the company since 2013 and holds a strong portfolio of brands. His appointment comes amid challenges in the global beauty market, particularly in China, where consumer confidence is low.
Source: YAHOO