Shares in the Manhattan-based company, founded and controlled by New York’s Lauder family, plunged as much as 18% after Estée ...

In market capitalization terms, the stock tumble of the last three years has stripped more than $100 billion from the company ...

Cosmetics giant Estée Lauder announced this Tuesday a major restructuring plan that includes cutting up to 7,000 jobs as the ...

Since reaching its peak at $374.20 in January 2022, Estée Lauder’s shares have plummeted by a staggering 78%, representing a ...

The 59-year-old model, who previously served as a face of the brand from 1988 to 1995, will front new skin care and make-up ...

Paulina Porizkova, a former Estée Lauder model from the 1980s, returns as a Global Brand Ambassador at 60 years old.

Anti-ageism advocate Porizkova’s appointment reflects Estée Lauder’s ongoing evolution towards embracing diverse voices and broadening the conversation around beauty and ageing.

That’s an especially painful punch for the founding Lauder family, which holds nearly 35% of the company’s outstanding shares (and 84% of voting power). The company declined to comment.