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Availablity check. Item Reason. Do you think that increasing global uncertainty due to social and political problems affect consumer sentiment? Over the years, the cosmetic industry has proven to be the least volatile. People may not be able to invest in a big luxury item but they can still afford a lipstick. And also the desire of quality cosmetics is growing so much in the world that it limits volatility. And for companies like us the only way to grow in such an environment is through diversification: we are in 4different categories, operate multiple channels, have presence in countries, and market 25 brands.

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How are you making Estee Lauder brands relevant for millennials? Millennials are becoming more and more important as consumers and we have, over time, learnt the products they want, channels they use and media they consume. We have gone from a moment in history where we communicated to consumers through advertisements and in-store events toward, what we call, consumer engagement. Read more on Estee Lauder Companies.

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