08.29.17
According to numerous reports, including in The Sunday Times UK, The Estée Lauder Companies (ELC), still largely privately owned by its founding family, may be on the verge of accession by another large global player such as the world’s largest beauty company, L’Oreal, or Unilever, which sidestepped a takeover earlier this year by Colgate-Palmolive. If completed, the sale is rumored to be worth somewhere in the neighborhood of $40 billion.
Sales for the fiscal year 2017 at Lauder reached $11.8 billion. Sales of beauty products online were up 33% across the board, with the makeup category alone showing 7% growth to $5 billion. Gains were linked to the success of global e-commerce, especially in China, where all of the company’s 29 brands posted double-digit growth in online sales.
Beauty Sales at Unilever, which continues to boost its Prestige portfolio topped $21 billion.
Stay tuned to Beauty Packaging’s report on the Top 20 Global Beauty Companies in the October/November issue and online at beautypackaging.com. See last year’s report here.
Sales for the fiscal year 2017 at Lauder reached $11.8 billion. Sales of beauty products online were up 33% across the board, with the makeup category alone showing 7% growth to $5 billion. Gains were linked to the success of global e-commerce, especially in China, where all of the company’s 29 brands posted double-digit growth in online sales.
Beauty Sales at Unilever, which continues to boost its Prestige portfolio topped $21 billion.
Stay tuned to Beauty Packaging’s report on the Top 20 Global Beauty Companies in the October/November issue and online at beautypackaging.com. See last year’s report here.
