The transaction is expected to close in the second half of calendar year 2026
The overall beauty market in India is expanding faster than GDP — growing 9–10 percent annually, with prestige beauty up 14 percent and luxury beauty at 16 percent. Estée Lauder holds a leading share across these categories and is now focusing on expanding access through new formats and smaller packs
Faverie said that emerging markets are set to contribute 15–16 percent of Estée Lauder’s global business in the foreseeable future, led by India.
Bloomer comes with over 23 years of experience in the beauty and consumer goods industries to her new role, where she will spearhead the Good Glamm Group’s international growth and expansion.
Estee witnessed "a small reduction in market share" during the second quarter in China, CEO Fabrizio Freda said on an analysts call.
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