It’s been a hectic start to the year for the C.E.O.s of publicly traded beauty concerns. Over at The Estée Lauder Companies, Stéphane de La Faverie is wrapping up his first week atop the business, kicking off what’s almost certain to be a chaotic first few months—or as it’s being referred to within the walls of the GM Building, a “sprint.” De La Faverie is already bracing for a significant round of layoffs through February, a continuation of the vaguely Orwellian “Profit Recovery and Growth Plan” that began implementation last year. But there are a slew of promotions coming, too, not least of which is the backfilling of de La Faverie’s old executive group president gig, a coveted role that once belonged to John Demsey.
Try Puck for free
Sign up today to join the inside conversation at the nexus of Wall Street, Washington, A.I., Hollywood, and more.
Already a member? Log In
- Daily articles and breaking news
- Personal emails directly from our authors
- Gift subscriber-only stories to friends & family
- Unlimited access to archives
- Exclusive bonus days of select newsletters
- Exclusive access to Puck merch
- Early bird access to new editorial and product features
- Invitations to private conference calls with Puck authors
Exclusive to Inner Circle only
Latest Articles from Fashion
God’s Plan for OVO
A Surprisingly Polarizing Prada Show
Emporio State of Mind
A Drake-OVO Lawsuit & The Glamour Sale Rumor
What’s Victoria’s Secret’s Secret?
To Have Loved and Glossier
The Total Hermès Experience & Coperni’s Reorganization
Get access to this story
Enter your email for a free preview of Puck’s full offering, including exclusive articles, private emails from authors, and more.
Latest Articles from Fashion
Exclusive: Toteme Is Launching Menswear
Downturn Abbey
Drake’s OVO Is Prepping to Sell to Licensing Giant
Send In the Clowns
An Under Armour Retreat & Why the Charvet Backlash Is Wrong
The ’90s Nostalgia Trap
The Fate of Hugo Boss
You have 1 free article Left
To read this full story and more, start your 14 day free trial today →
Already a member? Log In
Get access to this story
Enter your email to get access to one article and free previews of our private emails from Puck authors and editors.
Already a Member? Sign in
Latest Articles from Fashion
Loro Piana Man
The Personal Shoppers Surfing the Chanel Wave
Trickle Down Blazy-nomics
Chanel’s Hardcore Hard Luxury Play
Make Net-a-Porter Great Again
Orange Crush