logo
  

Este Lauder, BALMAIN Team To Launch BALMAIN BEAUTY

Cosmetics major Estée Lauder Companies (EL) Monday said it has entered into a license agreement with French luxury fashion house BALMAIN to collaboratively develop, produce, and distribute an innovative line of beauty products, BALMAIN BEAUTY.

The collaboration is expected to launch in fall 2024.

Further, the company appointed Guillaume Jesel President, Global Brands, TOM FORD BEAUTY, BALMAIN BEAUTY and Luxury Business Development, effective immediately.

BALMAIN was founded in 1945 by Pierre Balmain, and now run by Creative Director Olivier Rousteing since 2011.

Rousteing said, "We've been determined to reflect the way that today's diverse generation wishes to live and dress. So, obviously, there was no way that we were going to expand into beauty without ensuring that we had found the partner who understood and shared our outlook.... From the very beginning, the team at The Este Lauder Companies made it very clear that they support BALMAIN's distinctive vision, as well as our goal of disrupting the global luxury beauty paradigm."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Juul Labs, an e-cigarette maker, said it has reached settlements with more than 5,000 vaping lawsuits in the United States. The cases were related to personal injury, consumer class action, government entity, and Native American tribes. In a statement, the company said it cannot disclose the settlement amount at this time as part of the settlement and court process. Apple Inc. plans to start using American-made processors from the new advanced chip factory in Phoenix, Arizona operated by chip giant Taiwan Semiconductor Manufacturing Co., according to its Chief Executive Officer Tim Cook. At an event in the factory in Arizona, which was attended by U.S. President Joe Biden, it was also announced that TSMC will invest $40 billion in the new factory. Lidl US has recalled its 8.4 oz Favorina branded Advent Calendar, i.e., Premium Chocolate with a Creamy Filling, citing potential Salmonella contamination, the U.S. Food and Drug Administration said. The products were available for sale at Lidl stores between October 12, 2022 and December 5, 2022. They will have a BEST IF USED BY year of 2023, and barcode number of 4056489516965.
Follow RTT