The Body Shop has named an executive from Estée Lauder — Maddie Smith — as its UK and Ireland chief, as well as boosting its leadership team further with a new executive role for current UK/Ireland MD Linda Campbell.
The US beauty group has promoted Umair Ansari to the post of VP and managing director of its European travel retail division, adding Europe to the Middle East and Africa regions he has been overseeing since 2019.
Following a challenging year, Deloitte’s latest Global Powers of Luxury Goods report shows that the revenues generated by the world’s top 100 luxury companies dropped from $281 billion in 2019 to $252 billion in 2020.
Estée Lauder had some big executive announcements this week spanning its domestic US market and Asia/Pacific. But perhaps the most interesting part of the news was the fact that it’s “elevating” its Chinese market.
Coty forecast annual earnings largely above estimates on Monday, as the cosmetics maker benefits from cost cuts to ward off inflation impacts and a revival in demand for its products at airport duty-free stores.
The beauty group has published its 2021 sustainability report, revealing that it has achieved its aim for the use of PCR material in its packaging earlier than expected and now plans to bring the figure up to 25%.