People In Brief: New Leadership For Lauder Brands; P&G Beauty Head Moves To Fashion; More
This article was originally published in The Rose Sheet
The Estee Lauder Companies, Procter & Gamble, Avon Products and Markwins announce changes to their executive management ranks, and Liz Earle says she will be leaving the natural-oriented brand she co-founded in 1995.
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There's a new hand steering P&G's beauty business, Coty's looking for a new science chief and Shiseido has done some reorganizing to streamline R&D functions and promote innovation.
Management projects a strong second half after Avon's first-quarter sales advanced 2%, reported, but dipped in constant currency. Analysts received the guidance guardedly, and a group of investors led by Barington Capital are unconvinced the firm can turn things around under current leadership.
Increased R&D and ad spending, improved consumer communications and other brand-building investments will enable P&G to grow and recapture market share in fiscal 2017, company leadership suggests. While the stage may be set for P&G to “get the belt back,” as one analyst suggests, all are watching for execution.