SEPHORA’s Post

🆕 📑 We are thrilled to share key takeaways from our recent interview with Felix Langenbach, CFO of LVMH Japan, as part of our ongoing CFO research study in partnership with Genpact. LVMH is the powerhouse behind iconic brands such as Louis Vuitton, Dior, Celine, Tiffany & Co, and more. Leading finance, technology, legal, facilities, and sustainability functions, Felix is steering LVMH's financial strategies in a dynamic market. In this POV, learn about: • The importance of agility in navigating macroeconomic challenges • LVMH's approach to technology modernization and multi-vendor collaboration • The pivotal role of technology in enhancing customer experience • The strategic adoption of high-impact, customer-centric technologies ➡ Read more: https://lnkd.in/gB3iYxpP Srini Vaddepalli, Anushka Mukherjee, Melissa O'Brien, Reetika Fleming, Jahnavi Ravindranath, Saurabh Gupta, Emma Melando, Cynthia Lillis, Jessica Thomson, Sandra Higgison, Caitlin Evans, HFS Research, Genpact, LVMH Japan #AI, #CFO, #DigitalTransformation

LUXASIA is proud to have been recognised as one of Singapore's Best Managed Companies by Deloitte for the fourth year in a row. For this fourth consecutive win, we have been honoured with the coveted Gold status, an achievement made possible through our rigorous omnichannel transformation, an unrelenting passion for being entrepreneurial, and a dedicated #OneTeam of 2700 talents. "Winning the fourth time and with it, this coveted Gold status, is a prestigious and precious recognition for us at LUXASIA. Since our first win, challenges facing businesses globally continue to evolve and intensify – growth and success do not come easy. Through it all, we are deeply grateful for the contributions and dedication of our passionate One Team, as well as the trust and support from all our partners. We celebrate this win together," says Dr. Wolfgang Baier, Group CEO of LUXASIA. "It is still an exciting time for the luxury beauty and lifestyle in Asia Pacific, with much growth to be unlocked in the region. Thank you to Deloitte for your continued affirmation of the way we plan, operate, and grow. This win is a great encouragement for our team to continually drive brand success, develop talents, and delight consumers," says Mr. Patrick Chong, Founder & Chairman of LUXASIA. Satyaki Banerjee, Sabrina Chong, Jitha Thathachari, Lin Nah Tan, Jennifer Lim, Karen Kwek Thank you to the amazing team from Deloitte as well - How Kiat Chua, Michelle Tan, Soon Bee Koh, Joanne Lim, and all. #deloitte #singaporebestmanagedcompanies #BestManaged #luxasia #asiapacificomnileader #makingadifference #drivebrands #developtalents #delightconsumers #retail #ecommerce #distribution #consumer #analytics #asiapacific #brandbuilder #omnichannel #talents #beauty #luxury

Large enterprises are leveraging multiple service providers, creating a partner ecosystem, to generate value for their customers... Have a look at the #cfo #customerexperience insights shared in this POV. Felix Langenbach Saurabh Gupta Reetika Fleming Melissa O'Brien Anushka Mukherjee Hridika Biswas Jahnavi Ravindranath Ashish Chaturvedi Anirudh P. Mayank Madhur Kumar Nikhil Bhaskar Niti J. #genpact #cfoinsights

🌟 Good Glamm Group Ropes In Ex-Becca Cosmetics CEO to Helm International Ops. Good Glamm Group, a leading beauty and personal care company, has appointed Bob DeBaker, former CEO of Becca Cosmetics, to lead its international operations. 🧑💼 New Appointment: - Bob DeBaker: Good Glamm Group has brought on board Bob DeBaker, the former CEO of Becca Cosmetics, to oversee and drive its international operations. - Industry Expertise: DeBaker brings a wealth of experience in the beauty industry, having led Becca Cosmetics to significant growth and success before its acquisition by Estée Lauder. 🚀 Strategic Move: - Global Expansion: With DeBaker’s expertise, Good Glamm Group aims to expand its footprint in international markets and enhance its global presence. - Leadership Strengthening: DeBaker’s leadership is expected to steer the company’s international strategies, leveraging his extensive experience in the beauty sector. 🔍 Industry Impact: - Beauty Industry: DeBaker’s appointment is set to boost Good Glamm Group’s capabilities in the global beauty market, driving innovation and growth. - Market Position: The company is poised to strengthen its position as a global beauty brand, benefiting from DeBaker’s strategic vision and industry insights. 📅 Future Outlook: - Expansion Plans: With DeBaker at the helm of international operations, Good Glamm Group is set to accelerate its global expansion efforts and enter new markets. - Innovation Drive: The company will likely focus on introducing new products and services tailored to international markets, enhancing its value proposition. Good Glamm Group’s strategic appointment of Bob DeBaker as the head of international operations underscores its commitment to global growth and leadership in the beauty industry. The Good Glamm Group #GoodGlammGroup #Beauty #GlobalExpansion #Leadership #BobDeBaker #BeccaCosmetics #Innovation #Growth #StartUpNews #MicroShots #NewsUpdates

Spain's iconic Puig – the company behind Carolina Herrera, Paco Rabanne, Charlotte Tilbury, and more – went public on May 3rd. I had the privilege of discussing their IPO on the BBC News, and there's a lot to unpack about this luxury powerhouse 🇪🇸 Big Picture: Puig is entering a fiercely competitive market dominated by LVMH and Kering. It'll need serious investment 💰, savvy acquisitions, and a tech-driven mindset 🚀 to go head-to-head. Bullish Signs: Puig's seen impressive growth, especially in Asia-Pacific fueled by brands like Charlotte Tilbury Beauty. Skincare's another huge win ✨ The Future: To thrive, Puig needs three things: mastery of direct-to-consumer sales, data-driven decision-making 📈, and intelligent technology integration across its brand portfolio. L'Oréal excels at using tech to personalize the customer experience. If Puig wants to match that, scaling its innovation efforts will be crucial. But how does a smaller, niche-focused company keep up with the giants? I'm curious – what do YOU think is the key to sustained growth in the luxury market? Share your ideas in the comments! #IPO #Puig #Luxury #Beauty #Innovation #IMDImpact #FutureReady #Innovation Want more insights on future readiness? Our next indicator will launch on May 21st, ranking auto, consumer package goods, and finance industries. https://lnkd.in/e9aGvcff Stay tuned!

I never dreamed about success, I worked for it - Estée Lauder 💄 #StrengthPointAdvisors #BusinessAdvisory #ConsultingServices #StrategicPlanning #BusinessGrowth #LeadershipDevelopment #ExecutiveCoaching #StartupAdvisory#ManagementConsulting #HRConsulting #OperationsManagement #RiskManagement #BusinessGrowthStrategy #StartupConsulting

I recently completed the INSIDE LVMH Certification, which immersed me in the intriguing world of luxury brands and industry dynamics. 🎉 🚀 LVMH & The Luxury Industry: This was an exciting start! I investigated LVMH's extensive ecosystem, learning how over 75 Maisons function across six business categories. It provided insight into the complex workings of the luxury industry. 🌿 Luxury and Sustainability: In this section, I delved into the critical relationship between luxury and society. I learned about how the industry, notably LVMH, is working to create a better, more sustainable future. 🎨 Creating & Branding: This subject dives deep into the essence of branding and creating. I learned about the essence that serves as the foundation of a successful premium brand, from its creative conception to market perception. 🔗 Operations and Supply Chain: It was exciting to watch the process from raw materials to the finished product in stores. Understanding the importance of Operations and team cooperation from Manufacturing to Supply Chain was eye-opening. 📚 The program finished with a comprehensive final exam, which solidified the extensive knowledge I'd received. I feel motivated and equipped with vital insights from the world of luxury as I look forward to my future entrepreneurial initiatives. Lessons learnt will help shape my approach and techniques in the corporate sector. Ready to apply these learnings and embark on the next chapter! ✨ #INSIDELVMH #CertificationCompleted #LuxuryIndustry #Sustainability #Entrepreneurship #CareerGrowth

US retailers are expanding into new markets, and Mexico is emerging as a favorite destination for investment. With its proximity, cultural alignment, and favorable economic and political climate, Mexico's market of over 129 million inhabitants presents significant opportunities for retail businesses to thrive. Companies like ULTA Beauty, with over $10 billion in revenue, are poised to establish new operations and stores in Mexico. The beauty and cosmetic sector in Mexico forecast substantial growth, making it a top-performing emerging market for companies like The Estée Lauder Companies, with revenue exceeding $17 billion. Exciting times ahead for retail expansion into Mexico! 💼🌎 Source: https://lnkd.in/eJSwsA67 #RetailExpansion #MexicoMarket #BusinessGrowth #RetailNow #USRetailers #NewMarkets #Retail #Stores #Beauty

🚀 A To-Do List for Estée Lauder’s Next CEO 🚀 After a short break, we are back with more interesting news from the world of fashion and beauty! With Fabrizio Freda set to retire in June 2025, after 15 years of steering the beauty giant through both prosperous and challenging times, his successor will have a monumental task ahead. The new CEO of Estée Lauder will need to tackle the company’s recent struggles, including softened demand across key markets, particularly in China, and reinvigorate growth. 📉 Here are some of the key tasks awaiting the new leader: 🔄 Revitalize Growth: With two consecutive years of declining sales, kickstarting growth in both prestige beauty and China will be crucial. 🌍 China Strategy: Rethink the China approach as the company navigates a shifting market landscape where previous strengths are now vulnerabilities. 🎯 Innovation & Buzz: Reignite the innovation engine and create excitement around the brand portfolio to capture attention and market share. 💡 Strategic Priorities: Drive precision marketing and local responsiveness to trends, while carefully balancing growth in new channels. 💼 The next CEO must be a visionary leader, adept at brand building, and ready to tackle these challenges head-on. The future of Estée Lauder depends on it. 🔗 Read more on BoF https://lnkd.in/emGW2fKt  #EsteeLauder #Leadership #BeautyIndustry #CEOChallenges #BrandStrategy #Innovation #GrowthStrategies #FabrizioFredaRetirement

Estée Lauder's Shakeup Signals Major Industry Shift 💄 As an ex headhunter, I feel Fabrizio Freda's announced 2025 retirement from Estée Lauder isn't just a changing of the guard - it's a clear signal that the beauty giant may be cleaning house. With CFO Tracy Travis also stepping down, we're seeing a classic case of succession planning in action. From a recruiter's lens these are my thoughts : ▶ Financial performance is king: EL's stock plummeting from $370 to $93 in two years speaks volumes. ▶ Adaptability is crucial: Slow moves into Amazon, TikTok, and Ulta Beauty hurt the company. ▶ Global strategy matters: Over-reliance on China and travel retail backfired post-pandemic. In my humble opinion, the next leader of Estée Lauder will need to be a financial crisis veteran with a keen eye for digital trends and global market shifts. They'll need to balance the prestige heritage of EL brands with the agility of indie competitors such as what Tarang Amin has been doing at E.L.F. BEAUTY . As someone deeply invested in the luxury sector, I'm fascinated by this transition. It underscores the importance of financial performance, even for legacy brands, and the need for leaders who can navigate both tradition and innovation. This is where a diversity has been proven to add value. What do you think? Who has the chops to lead Estée Lauder into its next chapter? https://lnkd.in/eE3u8mCB. #Luxpreneur #TheLuxpreneur #EsteeLauder #CEO #BeautyIndustry #SuccessionPlanning #LeadershipTransition #LuxuryBrands