Charles Sternberg, Associate Editor05.15.23
Here's your weekly recap—the most viewed news stories on our site for the week ended May 13, 2023.
Last week, the New York Post reported that billionaire activist investor, Nelson Peltz, was exploring options for a potential shakeup at Estée Lauder, which could include the removal of CEO Fabrizio Freda. The Peltz rumors even saw ELC shares rally 5.1% in premarket trading on May 8.
However, CNBC’s Jim Cramer disputed the New York Post’s story, which caused the stock to give back its early morning gains. Cramer, who knows Peltz very well, claims that Peltz has no intention of pursuing a shakeup at The Estée Lauder Companies, citing the firm’s dual-class share structure, which gives the Lauder family outsized control over the direction of the company.
In other news, Brand Finance recently released its Cosmetics 50—an annual ranking the world's most valuable cosmetic companies. L'Oréal tops the list of the world's most valuable cosmetic brands—followed by Estée Lauder and Nivea.
2. Ranking the Top 50 Cosmetic Companies
3. MAC Revamps 'Back To MAC' Recycling Program
4. Ranking the Top 50 Cosmetics Brands Of 2023
5. Rumors of Estée Lauder Shakeup Put to Rest
6. Top 20 Most Successful Celebrity Beauty Brands Of 2023
7. WSGN & Coloro Name Apricot Crush as Color of The Year 2024
8. Ranking the Top 50 Cosmetics Brands Of 2023
9. Men’s Grooming Brand Cleverman Raises $1.8 Million
10. Michelle Pfeiffer’s Henry Rose Receives First External Investment
Thanks for reading our Breaking News. We'll have a new list for you next Monday.
Have a great week!
Last week, the New York Post reported that billionaire activist investor, Nelson Peltz, was exploring options for a potential shakeup at Estée Lauder, which could include the removal of CEO Fabrizio Freda. The Peltz rumors even saw ELC shares rally 5.1% in premarket trading on May 8.
However, CNBC’s Jim Cramer disputed the New York Post’s story, which caused the stock to give back its early morning gains. Cramer, who knows Peltz very well, claims that Peltz has no intention of pursuing a shakeup at The Estée Lauder Companies, citing the firm’s dual-class share structure, which gives the Lauder family outsized control over the direction of the company.
In other news, Brand Finance recently released its Cosmetics 50—an annual ranking the world's most valuable cosmetic companies. L'Oréal tops the list of the world's most valuable cosmetic brands—followed by Estée Lauder and Nivea.
Here are our top 10 most viewed stories from the past week:
1. Activist Investor Nelson Peltz Explores Options for Estée Lauder Overhaul2. Ranking the Top 50 Cosmetic Companies
3. MAC Revamps 'Back To MAC' Recycling Program
4. Ranking the Top 50 Cosmetics Brands Of 2023
5. Rumors of Estée Lauder Shakeup Put to Rest
6. Top 20 Most Successful Celebrity Beauty Brands Of 2023
7. WSGN & Coloro Name Apricot Crush as Color of The Year 2024
8. Ranking the Top 50 Cosmetics Brands Of 2023
9. Men’s Grooming Brand Cleverman Raises $1.8 Million
10. Michelle Pfeiffer’s Henry Rose Receives First External Investment
Thanks for reading our Breaking News. We'll have a new list for you next Monday.
Have a great week!