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The Shape of Lauder

All is eerily quiet at Estée Lauder, despite a brand new C.E.O., ongoing layoffs, underperforming brands, and Stéphane de La Faverie’s executive search for someone to finally lead makeup.

Stéphane de La Faverie
Who will or won’t get the makeup gig has been a hot topic both inside and outside of Lauder: De La Faverie has more or less grouped brands by clusters, or categories, as part of the restructuring—except for the brands that continue to operate independently under existing leadership Photo: Neil Rasmus/BFA.com
Rachel Strugatz
April 30, 2025

It’s been a quiet few months at the Estée Lauder Companies, where still-newish C.E.O. Stéphane de La Faverie is preparing for the first quarterly results under his watch. Wall Street is expecting that earnings could be down as much as 11 percent, although the stock has been up a bit the past week, perhaps in anticipation that ELC could surprise to the upside. We’ll see.