Lauder to open first Bobbi Brown store in Paris in FY 1998 fourth quarter.
This article was originally published in The Rose Sheet
Executive Summary
ESTEE LAUDER AMERICAS SALES INCREASE 22% TO $568.2 MIL. in the third quarter of FY 1998 (ended March 31) due in part, to the success of new product launches "across all categories, particularly fragrances," the company said April 28. Lauder also attributed the sales rise to growth from existing offerings and its acquisition of the Jane teen cosmetics line and the Aveda salon hair care business, purchased in the second quarter of fiscal 1998. Operating income in the region was up $21 mil. to $51.7 mil. as a result of increased sales and operating efficiencies, Lauder said. The company will look to boost sales further in the Americas region with the upcoming rollout of Aramis' Hilfiger Athletics in Latin America.