Latest news with #Besnard
Fashion Network
08-07-2025
- Business
- Fashion Network
Estée Lauder entrusts Northern and Western Europe to Franck Besnard
The American cosmetics group Estée Lauder, owner of M.A.C, Clinique and La Mer, continues its reorganization with the promotion of Franck Besnard. At the beginning of July, the group's general manager for France since 2020, was promoted to senior vice president and general manager for Northern and Western Europe, a move he himself shared on his LinkedIn profile. Besnard, who has been with the beauty group for twenty years, had already seen his scope extended last May with the supervision of the Benelux market. This appointment is part of the transformation plan launched by Stéphane de La Faverie, the group's CEO, with the aim of boosting sales against a backdrop of slowing consumer spending. As a reminder, Estée Lauder has redefined its geographic zones into four major clusters. Last April, Nadine Graf, already head of the Europe, Middle East and Africa (EMEA) region, saw her responsibilities extended to the United Kingdom, Ireland, and a new entity covering emerging markets such as India, the Middle East, South-East Asia, and Africa. This structural overhaul comes at a time when the group recorded a 10% drop in quarterly sales, to $3.55 billion, a performance that exceeded expectations but confirmed unfavorable dynamics in several markets, notably China. With this new organization and the focus on experienced profiles, Estée Lauder intends to return to a sustainable growth dynamic. This article is an automatic translation. Click here to read the original article.
Fashion Network
08-07-2025
- Business
- Fashion Network
Estée Lauder entrusts Northern and Western Europe to Franck Besnard
The American cosmetics group Estée Lauder, owner of M.A.C, Clinique and La Mer, continues its reorganization with the promotion of Franck Besnard. At the beginning of July, the group's general manager for France since 2020, was promoted to senior vice president and general manager for Northern and Western Europe, a move he himself shared on his LinkedIn profile. Besnard, who has been with the beauty group for twenty years, had already seen his scope extended last May with the supervision of the Benelux market. This appointment is part of the transformation plan launched by Stéphane de La Faverie, the group's CEO, with the aim of boosting sales against a backdrop of slowing consumer spending. As a reminder, Estée Lauder has redefined its geographic zones into four major clusters. Last April, Nadine Graf, already head of the Europe, Middle East and Africa (EMEA) region, saw her responsibilities extended to the United Kingdom, Ireland, and a new entity covering emerging markets such as India, the Middle East, South-East Asia, and Africa. This structural overhaul comes at a time when the group recorded a 10% drop in quarterly sales, to $3.55 billion, a performance that exceeded expectations but confirmed unfavorable dynamics in several markets, notably China. With this new organization and the focus on experienced profiles, Estée Lauder intends to return to a sustainable growth dynamic. This article is an automatic translation. Click here to read the original article.
Business Insider
29-06-2025
- Business
- Business Insider
Citi Reaffirms Their Hold Rating on Nestlé SA (NSRGF)
Citi analyst Cedric Besnard maintained a Hold rating on Nestlé SA (NSRGF – Research Report) on June 27 and set a price target of CHF90.00. The company's shares closed last Friday at $99.49. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Besnard covers the Consumer Defensive sector, focusing on stocks such as DANONE SA, Nestlé SA, and Tate & Lyle. According to TipRanks, Besnard has an average return of 1.0% and a 52.94% success rate on recommended stocks. In addition to Citi, Nestlé SA also received a Hold from Exane BNP Paribas's Jeff Stent in a report issued on June 27. However, on the same day, Jefferies maintained a Sell rating on Nestlé SA (Other OTC: NSRGF). NSRGF market cap is currently $247.8B and has a P/E ratio of 20.90. Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is neutral on the stock.
