The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Employees at The Estée Lauder Companies offices around the world remain locked out of their email and other key functions after a third party gained access to some of the beauty conglomerate’s IT systems, according to people familiar with the situation.
The company said in a statement Tuesday that it “believes the unauthorised party obtained some data from its systems, and the company is working to understand the nature and scope of that data.”
ELC, which owns Tom Ford Beauty, Clinique, La Mer and other cosmetics brands, also said it was working with law enforcement and cybersecurity experts to resolve the issue. Sources close to the company said the breach disrupted operations since at least Monday, and that many affected systems had yet to be restored.
Learn more:
Why Estée Lauder Bought Tom Ford
The designer’s makeup and fragrance line brought glamour, sex appeal – and sales – to the cosmetics giant. Keeping the magic in-house was worth nearly $3 billion.
BoF Careers provides essential industry insights for beauty professionals this month, featuring roles from Karla Otto, Tory Burch and Chalhoub Group.
Famed for speedy weight loss, the effects of the prescription-only drug are now shifting beauty standards.
The ‘90s-inpsired sunscreen brand brings back a cult classic, and more industry news.
From makeup bags that double as clutches to pre-tax health savings, brands and retailers are leaning into consumer demand for more affordable prices.