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M.A.C Brand Owner Estee Lauder Posts Surprise Revenue Growth

Lipstick is displayed at the M.A.C flagship store in Paris. (Reuters)
Lipstick is displayed at the M.A.C flagship store in Paris. (Reuters)
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M.A.C Brand Owner Estee Lauder Posts Surprise Revenue Growth

Lipstick is displayed at the M.A.C flagship store in Paris. (Reuters)
Lipstick is displayed at the M.A.C flagship store in Paris. (Reuters)

Estee Lauder Cos Inc on Friday reported a surprise rise in second-quarter sales, as the M.A.C brand owner benefited from a strong demand for its premium skin-care products in China.

A sustained strong demand for skin-care products, including serums and moisturizers, from customers keeping up their self-care routine has helped Estee Lauder and its peers cushion the impact from weak demand for traditional make-up items such as foundation and lipsticks.

Sales in its Asia/Pacific market rose 35% in the second quarter, helping the company post its first growth in revenue since the onset of the pandemic.

Estee Lauder also said it planned to resume its share buyback program during the second half of the fiscal year.

Net sales rose to $4.85 billion from $4.62 billion a year earlier, beating expectations of $4.49 billion, according to Refinitiv IBES data.

The company forecast third-quarter net sales to grow between 13% and 14%, while analysts on average estimate net sales to rise about 15.3% to $3.86 billion, according to IBES data from Refinitiv.

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Dior Appoints Jonathan Anderson as Design Chief for Women’s Wear and Haute Couture 

A security guard looks out from the store of French luxury goods company Dior on 5th Avenue in New York City, US, May 23, 2025. (Reuters)
A security guard looks out from the store of French luxury goods company Dior on 5th Avenue in New York City, US, May 23, 2025. (Reuters)
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Dior Appoints Jonathan Anderson as Design Chief for Women’s Wear and Haute Couture 

A security guard looks out from the store of French luxury goods company Dior on 5th Avenue in New York City, US, May 23, 2025. (Reuters)
A security guard looks out from the store of French luxury goods company Dior on 5th Avenue in New York City, US, May 23, 2025. (Reuters)

Dior is appointing its menswear designer Jonathan Anderson to also head womenswear designs and haute couture, replacing Maria Grazia Chiuri and widening his role as it seeks to reignite sales, the LVMH-owned label said on Monday.

"Jonathan Anderson is one of the greatest creative talents of his generation. Its unique artistic signature will be a key asset for writing the next chapter of the Dior house's history," LVMH CEO Bernard Arnault said in a statement.

The French fashion house named Anderson, 40, in April as head of menswear designs, recruiting him from smaller LVMH label Loewe.

The award-winning Irish designer generated buzz around Loewe over the decade he spent at the Spanish label, thanks to quirky designs that caught the attention and praise of fashion critics.

Signature styles under his tenure include baggy, barrel-legged jeans priced at 800 euros ($909.92) and the compact Puzzle handbag, which sells for around 3,000 euros.

Anderson, whose departure from Loewe was announced in March, is one of several new high profile designers taking over some of the world's biggest fashion labels amid a wide-sweeping industry overhaul, including Chanel and Gucci.

The sector is struggling to pull out of a prolonged slump, weighed down by China's property crisis and economic uncertainty in the United States.

Top luxury houses are betting on new design direction to help rekindle interest from shoppers, who have pulled back on fashion as prices rise.

In his new role, Anderson succeeds Chiuri, 61, who was recruited in 2016. The first female creative director at the label, Chiuri relayed feminist messages and showcased artwork at her runway shows, which featured modern renditions of house classics, including Dior's famous, nipped-waist bar jackets, adding fluidity and sometimes a sporty flair to feminine gowns.