Estee Lauder Raises Forecasts as Prestige Beauty Demand Fuels Turnaround
Estee Lauder is stepping up brand investments and reducing its reliance on discounts and promotional offers as its turnaround strategy gains momentum. Chief Executive Stephane de La Faverie announced the move on Monday after...
Volkswagen Posts Biggest Quarterly Loss in Over a Decade Amid China Slowdown
Volkswagen reported an operating loss of €5.9 billion ($6.6 billion) in the third quarter of 2026, marking its steepest quarterly deficit in more than a decade. The loss was driven by approximately €8 billion...
European Luxury Sector Loses $350 Billion as China Weakness Persists
European luxury companies have lost approximately $350 billion in combined market capitalisation since the beginning of 2026, as hopes of a sector recovery fade amid persistent weakness in China. The downturn has weighed on...
Volkswagen Reports Sharpest Delivery Decline in Over Four Years
German automaker Volkswagen reported a 14.3% decline in global vehicle deliveries in the third quarter, marking its steepest drop in more than four years. Deliveries fell to 1.89 million vehicles, with continued weakness in...
Estée Lauder Forecasts Stronger Profit on Luxury Beauty Demand
Estée Lauder expects fiscal 2027 adjusted earnings to beat Wall Street estimates, supported by resilient demand for premium fragrances and skincare, particularly in China. Shares rose nearly 8% in premarket trading after the cosmetics...