In his current role, La Faverie oversees brands such as Estée Lauder, Aerin Beauty, Jo Malone London, Le Labo, Kilian Paris, Editions de Parfums Frederic Malle, Darphin Paris, Lab Series, Deciem’s fleet of brands, Too Faced, Smashbox and GlamGlow.The Estée Lauder Companies (Photo: Business Wire), circa 2022
Reuters, citing The Wall Street Journal, claims that The Estée Lauder Companies is set to name Stéphane de La Faverie as CEO, succeeding outgoing president and CEO Fabrizio Freda, who previously announced his intent to retire by the end of fiscal 2025 and remain as an adviser for fiscal 2026.
In his current role, La Faverie oversees brands such as Estée Lauder, Aerin Beauty, Jo Malone London, Le Labo, Kilian Paris, Editions de Parfums Frederic Malle, Darphin Paris, Lab Series, Deciem’s fleet of brands, Too Faced, Smashbox and GlamGlow.
The news comes as Jane Lauder, “who was among the potential CEO candidates,” per Reuters, is apparently stepping down from the company.
In August, The Estée Lauder Companies Inc. announced net sales of $15.61 billion for fiscal 2024, reflecting a year-over-year decrease of 2%. Q1 fiscal 2025 sales will be announced on October 1, 2024.