EssilorLuxottica’s employee shareholding plans reach record investment, reflecting strong confidence in the Group’s strategy Today, the Group totals almost 100,000 internal shareholders in 85 countries Paris, France (2 April 2025) – EssilorLuxottica continues to grow and create value for shareholders. Following record-breaking investments in the SuperBoost 2025 international shareholding plan and the French PEE in 2024, internal shareholders now total 97,000 across 85 countries, up from 83,500 in 2024. In ...

Core Insights - The skincare market for international brands like Estée Lauder and L'Oréal is facing challenges, prompting a shift towards the medical aesthetics sector [1][4] - Estée Lauder has partnered with Jiahui Medical to establish a clinical research center focused on post-surgical skincare solutions [1][5] - The beauty industry is witnessing a trend towards "medical beauty," with brands integrating effective skincare products with medical aesthetics [4][6] Group 1: Company Strategies - Estée Lauder's brands, including La Mer and Clinique, are launching medical device products aimed at post-surgical recovery, indicating a strategic pivot towards medical aesthetics [1][5] - L'Oréal has been proactive in the medical aesthetics space, introducing products like the "Platinum Research" collagen injection and investing in high-end medical chains [6][7] - Amorepacific has also entered the market with its high-end brand "AP," focusing on post-surgical skincare products priced between 2000-3000 RMB [5][6] Group 2: Market Dynamics - The high-end skincare market is experiencing a significant decline, with Estée Lauder reporting an 8% drop in skincare sales in Q3 2024 and a further 12% in Q4 2024, leading to a total revenue loss of $300 million [4] - Competitors like Beiersdorf are also struggling, with its luxury brand La Prairie seeing a 15% sales decline in 2023 and a 6% drop in 2024 [4] - The domestic medical aesthetics market is becoming increasingly competitive, with companies like Aimeike facing growth slowdowns despite a 5.45% revenue increase in 2024 [9][10] Group 3: Future Outlook - Aimeike's acquisition of an 85% stake in Korean company REGEN for approximately 1.4 billion RMB highlights the need for companies to strengthen their technological capabilities in the face of rising competition [11] - The competition between international beauty brands and domestic medical aesthetics firms is intensifying, focusing on brand strength and clinical validation versus technological barriers and channel control [11]

The Estee Lauder Companies Inc. (EL) is undergoing a transformation aimed at recovering profitability and fueling long-term growth through its expanded Profit Recovery and Growth Plan (PRGP). Alongside PRGP, the company has introduced its "Beauty Reimagined" vision with a goal to position it as the leading prestige beauty brand.However, while these efforts hold promise, challenges persist, particularly in key markets like China and Asia travel retail, as well as in the form of increased cost pressure. As a ...

Group 1 - The article discusses the author's previous analysis of The Estée Lauder Companies Inc., highlighting that while it is a strong business, the stock was perceived as overvalued five years ago [1] - The focus of the analysis is on high-quality companies that can outperform the market over the long term due to competitive advantages and high levels of defensibility [1] - The author emphasizes a broad approach to company analysis, covering both large-cap and small-cap companies primarily in European and North American markets [1]

As part of the expansion strategy, The Estee Lauder Companies Inc. (EL) has partnered with Adobe Inc. (ADBE) to enhance its digital marketing efforts using Adobe Firefly, a generative AI tool. As the parent company of brands like Clinique, Estée Lauder, Jo Malone London, La Mer and M·A·C Cosmetics, EL connects with consumers in 150 countries and is focused on innovation and speed to market.By integrating Adobe Firefly Services into its design tools, EL aims to automate repetitive tasks, allowing creative te ...

Core Points - As of March 12, 2025, EssilorLuxottica has a total of 457,507,201 shares outstanding [3] - The number of real voting rights, excluding treasury shares, is 456,594,030 [3] - The theoretical number of voting rights, including treasury shares, remains the same as the total shares outstanding at 457,507,201 [3] - Voting rights for any shareholder are capped at 31%, as per the company's by-laws [3]

Core Points - As of February 28, 2025, EssilorLuxottica has 457,507,201 shares outstanding and 456,589,616 real voting rights, excluding treasury shares [3] - The theoretical number of voting rights, including treasury shares, remains the same at 457,507,201 [3] - Voting rights for any shareholder are capped at 31%, as per the company's by-laws [3] Company Information - EssilorLuxottica is recognized as a global leader in the design, manufacture, and distribution of ophthalmic lenses, frames, and sunglasses [2] - The disclosure is in compliance with the French Commercial Code and regulations from the Autorité des Marchés Financiers [2]

Core Points - EssilorLuxottica has filed its 2024 Universal Registration Document with the French market regulator, Autorité des Marchés Financiers (AMF) on March 10, 2025 [2] - The document is available in French and English, and can be downloaded for free from the company's corporate website [3] - The Universal Registration Document includes the Annual Financial Report, parent company financial statements, group consolidated financial statements, management report, vigilance plan, corporate governance report, sustainability report, statutory auditors' reports, and information on statutory auditors' fees [5]

Core Insights - The Estee Lauder Companies Inc. is implementing the expanded Profit Recovery and Growth Plan (PRGP) to address profitability challenges and drive future growth [2][3] - The company's "Beauty Reimagined" vision aims to enhance consumer reach, foster innovation, and increase digital investments, despite facing challenges in key markets like China and travel retail [1][3] Growth Initiatives - The PRGP has yielded greater net benefits than expected through the second quarter of fiscal 2025, but these were offset by sales volume deleverage and investments for sustainable growth [2] - The expanded PRGP includes a restructuring program aimed at transforming the operating model to achieve a solid double-digit adjusted operating margin in the coming years [2][3] Digital Expansion - The company is enhancing its online presence by launching nine brands in Amazon's U.S. Premium Beauty store and investing in digital marketing and e-commerce capabilities [5] - Integration of AI across the organization is being utilized for demand forecasting, production planning, and improving inventory management, which supports sustainable growth [5] Market Challenges - The company is experiencing significant challenges in key markets, particularly in Asia, where net sales in the region fell by 11%, driven by declines in Mainland China, Korea, and Hong Kong SAR [7] - The exit of Dr.Jart+ from the travel retail sector and political unrest in Korea have further exacerbated these challenges [7] Cost Management - Operating expenses increased by 500 basis points as a percentage of sales in the second quarter of fiscal 2025, with notable rises in advertising and selling expenses [8] - Rising costs, if not managed effectively, could significantly impact the company's profitability in the future [8] Future Outlook - The company anticipates continued volatility and limited visibility in the near term, projecting a decline in reported net sales by 10-12% year over year for the third quarter of fiscal 2025 [9] - Adjusted earnings per share are expected to drop by 69-79%, reflecting ongoing challenges in the global travel retail business [9][10]

Core Insights - The personal care market in China is experiencing robust growth, with a compound annual growth rate (CAGR) of 3.4%, surpassing the global average of 3% [1] - The Asia-Pacific region holds a 39.4% share of the global personal care market, with China alone accounting for 43% of that, indicating its dominant position [3] - The market is undergoing a transformation from mere expansion to deeper ecological restructuring, with a notable concentration of revenue among top-tier brands [3] Market Dynamics - The number of companies in the 1 billion to 3 billion revenue range has decreased by nearly 20%, highlighting a pronounced "Matthew Effect" [3] - The skincare market remains fragmented, while the sunscreen market is characterized by rapid brand turnover, reflecting evolving consumer demands [3] - Online channels, including e-commerce and social media platforms, are emerging as significant growth drivers, with a clear trend towards online-offline integration [4] Strategic Shifts - Multinational companies are adopting a dual strategy to address the unique needs of the Chinese market, balancing scale solutions with highly customized approaches [4] - Research and development (R&D) competition is becoming a focal point, with companies like Lubrizol committing 5% of revenue to R&D [5] - The speed of product development has dramatically increased, with complex combinations now being tested in a fraction of the time previously required [5] Technological Advancements - AI is reshaping the competitive landscape, with companies leveraging technology for product innovation and efficiency [6][7] - Major brands, including Procter & Gamble and Estée Lauder, are integrating AI into their product development processes, indicating a shift from traditional marketing to tech-driven solutions [7] - The use of AI is not just a trend but a necessity for brands to remain competitive in the evolving market [7]