Estee Lauder hit by cyberattack affecting some business operations RETAIL Cosmetics maker Estee Lauder said a hacker had obtained some data from its systems, with the cyber incident causing, and expected to further cause, disruption to parts of the company’s business operations. The MAC Cosmetics owner was working to restore the affected systems and had implemented measures to secure its operations, including taking down some [...]
Canada Goose and Estee Lauder gloomy forecasts amid Covid curbs in China COVID CURBS Coat maker Canada Goose and make-up seller Estee Lauder both issued stark sales warnings yesterday due to Covid curbs in China. It comes as Chinese authorities have set out a seven-day lockdown in Zhengzhou, impacting the world’s largest iPhone factory. Canada Goose said yesterday that it was slashing its full-year revenue forecast due to pandemic-linked [...]
Lendinvest hit by data breach with customer information exposed Cyberattack Lendinvest has said it was hit by a data breach yesterday, with certain customer information made available to outside parties. The London-listed property fintech said an investigation into the incident is ongoing and can not yet confirm the precise number of individuals impacted or how long the information was in the public realm for. It [...]
Estee Lauder to cut 2,000 jobs due to coronavirus pandemic August 20, 2020 Beauty brand Estee Lauder is preparing to cut up to 2,000 jobs due to the impact of the coronavirus pandemic on demand. The firm said it will slash between 1,500 to 2,000 jobs, or about three per cent of its workforce globally. It also said it is planning to close between 10 per cent to [...]
Croda: FTSE chemicals giant’s share price drops after outlook slashed October 9, 2023 British speciality chemicals group Croda International cut its 2023 profit outlook on Monday, due to destocking and weak demand, particularly in its beauty care business in North America. The FTSE 100 company said it now expects 2023 group adjusted profit before tax of £300m to £320m pounds. It had forecast 370 million-400 million pounds previously. Following its profit outlook [...]
Terry Smith: ‘More than usually challenging’ 2023 hits stockpicker’s flagship fund January 9, 2024 LEGENDARY City stockpicker Terry Smith’s flagship equity fund underperformed global stock markets last year but analysts said punters wouldn’t be too ‘miffed.’
Estée Lauder snaps up Tom Ford in £2.4bn luxury swoop November 16, 2022 Estée Lauder announced that it would be buying designer fashion house Tom Ford in a deal worth $2.8bn (£2.4bn). The deal, which was announced late last night, is the luxury cosmetics biggest acquisition to date. The French firm said the tie-up would “unlock new opportunities” for both sides. Under the agreement, Tom Ford, Founder and [...]
Diageo shares crash 15 per cent after it lowers forecasts amid Caribbean storms November 10, 2023 Diageo said it expects a slowdown in net sales growth in the first half of 2024, thanks to a performance downturn in Latin America and the Caribbean (LAC).
Snap trials NFT filters as tech firm fights for Gen Z attention July 13, 2022 Snap may be on the verge of non-fungible token filters as the tech company continues to battle its rivals.
Estee Lauder cuts profit forecast amid coronavirus outbreak February 6, 2020 Cosmetics giant Estee Lauder has slashed its profit forecast for the year, citing the recent Coronavirus in epidemic, one of its key markets. The beauty brand said it expects adjusted earnings of $5.60 to $5.70 per share in 2020, down from a previous estimate of $5.85 to $5.93. Analysts were expecting earnings to reach $5.94 [...]