‘The next China is China’: Estée Lauder chief doubles down in the east
Stéphane de La Faverie remains committed to country at centre of beauty group’s recent troubles
Stéphane de La Faverie remains committed to country at centre of beauty group’s recent troubles

Cosmetics group’s chief also credits recovery in Chinese market as revenues in Europe and north Asia grow

Tie-up between US and Spanish groups would create a $40bn beauty giant

French group highlights improvement in its two key markets after a lean period of growth

With the US destroying its own credibility, the opportunity is Beijing’s for the taking

Shoppers in the industry’s biggest two markets opt for domestic alternatives to long-dominant old guard

Estée Lauder’s self-styled ‘lipstick salesman’ was instrumental in shaping the modern prestige industry